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115 S Munford St 1,400 SF Office Building Covington, TN 38019 $204,046 CAD ($145.75 CAD/SF) 10.40% Cap Rate
Investment Highlights
- Near town square
Executive Summary
Opportunity to own an exclusive piece right off the Covington town square. This building is currently zoned for medical with the potential to be used for professional services. This would be an excellent location to start a small business with the foot traffic of numerous events held by the City of Covington's town square. Come see this wonderful property and allow the location to speak for the rest. The current lease in place at a month to month basis.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,400 SF
Building Class
C
Year Built
1938
Price
$204,046 CAD
Price Per SF
$145.75 CAD
Cap Rate
10.40%
NOI
$21,221 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,400 SF
Building FAR
0.80
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
Medical - Medical/ Office
Parking
6 Spaces (4.29 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 041C-A-008.00 | Improvements Assessment | $42,980 CAD |
| Land Assessment | $3,172 CAD | Total Assessment | $46,152 CAD |
Property Taxes
Parcel Number
041C-A-008.00
Land Assessment
$3,172 CAD
Improvements Assessment
$42,980 CAD
Total Assessment
$46,152 CAD
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115 S Munford St
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