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201 N Court Ave
Covington, VA 24426

$399,900 USD

Flex For Sale  •  6,470 SF

Property Details

  • Property Type Flex
  • Total Building Size 6,470 SF
  • Lot Size 0.12 AC
  • Year Built 1915
  • Cap Rate 9.70 %
  • Zoning C2
30 Transit Score
40 Walk Score

Highlights

Fully renovated mixed-use property with two commercial units and one residential apartment
Strong projected income of $52K–$57K annually with ~10% cap rate potential
High-visibility corner location directly across from public parking with flexible commercial use (C-2 zoning)
Cap Rate: 9.70 %
Randy Phillips 540-965-5971 Phillips Rental Properties, LLC
Randy Phillips 540-965-5971 Phillips Rental Properties, LLC