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32249874
32249900

138 West Pike Street, Covington, KY 41011

Comey & Sheperd Realtors
Listed by Comey & Sheperd Realtors
$775,000
60 days on market
Updated 60 days ago
Opportunity zone

Historic Downtown Covington Mixed-Use Building

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Square Footage 6,000
Units 4
Occupancy 75%
Tenancy Multi
Lease Type Net
Remaining Term 3
Rent Bumps Yes
Year Built 1870
Year Renovated 2006, 2022
Buildings 1
Lot Size (SqFt) 6,000
Zoning Historic
Parking Spaces 2 spaces
Parking Per SqFt 0.33
Ground Lease No

Historic Multi-Use - Great Downtown Covington Investment

Marketing description

This historic mixed-use building offers the perfect combination of charm, income, and location. Property is a great opportunity for commercial investors or work/live entrepreneurs. From W. Pike St., the 2,500+ sq ft. main level features two storefront entrances. 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! Has passed Phase 1 Environmental Site Assessment. A great investment opportunity awaits at this low-maintenance, cash-flowing property.

Investment highlights

Highly sought-after corner building at the intersection of Pike and Russell. Great cash flow and cap-rate opportunity. See P&L / Request rent roll if interested.

Listing Contacts

Comey & Sheperd Realtors
Listed by Comey & Sheperd Realtors

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Zoning

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DTC-HP CommercialCore CommercialDowntown Core Historic Preservation
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View all 91 uses
View all 91 uses
Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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