
Historic Downtown Covington Mixed-Use Building
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.
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