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640 Russell St 6,000 SF 100% Leased Retail Building Covington, KY 41011 $1,210,466 CAD ($201.74 CAD/SF)
EXECUTIVE SUMMARY
This historic mixed-use building offers the perfect combination of charm, income, and location. Currently fully leased, the trophy property is an excellent opportunity for commercial investors or work/live entrepreneurs. From W. Pike St., the 2,500+ sq ft. main level features two storefront entrances, shared by three local businesses. From Russell St., residential tenants enjoy two private parking garages and the entrance to their 2nd-level condo with over 2,500 sq ft of living space, including four bedrooms and three full baths. From either street, you're just steps away from Covington's main attractions including Hotel Covington, Braxton Brewery, and Mainstresse Village!
This beautiful historic Covington building has been previously approved for short-term rental license (Airbnb, VRBO, etc.) and receives great foot traffic and visibility with over 7,500 cars passing by each day! A great investment opportunity awaits at this low-maintenance, cash-flowing property.
This beautiful historic Covington building has been previously approved for short-term rental license (Airbnb, VRBO, etc.) and receives great foot traffic and visibility with over 7,500 cars passing by each day! A great investment opportunity awaits at this low-maintenance, cash-flowing property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1900
Price
$1,210,466 CAD
Price Per SF
$201.74 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
CPD-7P (HP-O)
Parking
2 Spaces (0.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 054-21-19-008.00 | Improvements Assessment | $868,262 CAD |
| Land Assessment | $39,086 CAD | Total Assessment | $907,348 CAD |
PROPERTY TAXES
Parcel Number
054-21-19-008.00
Land Assessment
$39,086 CAD
Improvements Assessment
$868,262 CAD
Total Assessment
$907,348 CAD
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640 Russell St
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