Prime retail/office space available for lease.
1st floor divisible 1,750 - 3,500 SF
Entire building also available for lease 7,000 SF
Rare vacancy located close to Hotel Covington, Braxton Brewery, and Hannaford. With plenty of foot traffic and repeat visitors to the area, visibility is high in one of the most sought after spaces in Covington.
Rent Subsidy Incentive Snapshot:
Rent Subsidy Incentive:
50% reimbursement of monthly rent (up to $500) for 12 months. To be eligible, must have a minimum of a 2-year lease and 1 FTE.
Offered 4 x/year. Next deadline is 1/31/26. This is a competitive incentive meaning there are no guarantees its awarded.
Job Development Incentive:
Partial reimbursement of Covington’s payroll tax for half the lease term with the second half a retention period. Max term is 10 years. For example, five years would be an incentivized period, and 5 years would be retention period. Must have a minimum of $250,000 payroll to be eligible. $1000 application fee if offer is accepted.
Commissioners vote and approve all incentives.