640 Russell St - Storefront Retail/Office FOR SALE


Covington, KY 41011- Downtown Covington
$875,000 USD
859-415-2556
640 Russell St, Covington, KY for Sale
$875,000 USD
Storefront Retail/Office - FOR SALE
1/29
null | Request Cap Rate

640 Russell St
Covington, KY 41011
Downtown Covington


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CPD-7P (HP-O)

APN/PARCEL ID

054-21-19-008.00

ASK ABOUT THIS PROPERTY

Haley RunionComey & Shepherd RealtorsMore Info
859-415-2556

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Haley RunionComey & Shepherd RealtorsMore Info
859-415-2556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.