1110 Jetton DrCovington, IN 38019

  • Commercial real estate
  • 10,000 SF
For Sale
$649,000 View listing

Property Details for 1110 Jetton Dr

Year built
1990
Construction
FRAME
Lot size
6.01 AC
Property size (Sq ft)
10,000 SF
Zone code
M1
Property type
Commercial real estate
APN
084007 03506
APU
8400703506

Description

This exceptional 10,500 square foot commercial property in Covington, Tennessee presents a unique opportunity for businesses seeking both warehouse and office space. Ideally situated for convenient access to Highway 51, this location offers significant advantages for distribution and commuting, with the added benefit of proximity to Blue Oval City, just 34 miles away. The building boasts a versatile layout including 2 offices, 2 bathrooms, and a breakroom, providing ample space for administrative functions and employee comfort. The warehouse area features a drive-in double door, a dock door, and three emergency exits, ensuring efficient loading and unloading and enhanced safety. Power is provided by 3-phase and 110-volt systems. The property includes four HVAC units (as is), a 500 square foot mechanical room, two gas meters, a residual-discharge device for the sprinkler system, and a fully installed alarm system. New flooring is included for the office areas, and the building features energy-efficient LED lighting both inside and outside. This property offers numerous possibilities for a variety of businesses, providing a solid foundation for growth and success. The existing infrastructure and features provide a significant advantage, minimizing initial setup costs and allowing for immediate occupancy. Don't miss this chance to establish your business in a prime location with exceptional amenities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,616,348
    Hospitality
    $2,396,560
    Educational
    $1,993,910
    Medical
    $2,062,484
    Retail
    $3,101,638

Location Insight

City
Covington
County
Tipton
State
Tennessee
Latitude
35.6213
Longitude
-89.6096
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,231
$37,880
$32,200
$70,080
-
$94,700
$80,500
$175,200

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