I’m unsure as to its early history, but according to Louie Harper this building was home to Cato Furniture Company in the early 1950s, and Davis Furniture Company in 1958. Since then it’s been a number of different businesses. It likely originated as a factory of some sort, a remnant of an era when industries were located in towns and not in industrial parks.
Update: The structure collapsed in 2015 and has since been removed.
Buddy Vickers had a surplus store in this building for years when I was kid. He may have still owned it when it collapsed.