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140-142 W Pike St 6,000 SF 100% Leased Retail Building Covington, KY 41011 $915,000 ($152.50/SF) 6.16% Cap Rate
EXECUTIVE SUMMARY
This historic mixed-use building offers a great combination of charm, income, and location. Currently fully leased, the property features three first-floor commercial spaces occupied by local Covington businesses, along with a spacious 4-bedroom, 3-bath residential unit upstairs.
Located on a high-visibility corner lot, the property is just steps from Covington's top attractions including Hotel Covington, Braxton Brewery, Agave & Rye, and only a 5-minute walk to Mainstrasse Village.
The building showcases rare features for downtown Covington, including a 2-car garage, large open living areas, walk-in closets, and timeless historic architecture that blends seamlessly with modern updates.
Whether you're an investor seeking strong cash flow or a business owner looking for a live/work opportunity, this property checks every box.
Schedule your tour today!
Located on a high-visibility corner lot, the property is just steps from Covington's top attractions including Hotel Covington, Braxton Brewery, Agave & Rye, and only a 5-minute walk to Mainstrasse Village.
The building showcases rare features for downtown Covington, including a 2-car garage, large open living areas, walk-in closets, and timeless historic architecture that blends seamlessly with modern updates.
Whether you're an investor seeking strong cash flow or a business owner looking for a live/work opportunity, this property checks every box.
Schedule your tour today!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1900
Price
$915,000
Price Per SF
$152.50
Cap Rate
6.16%
NOI
$56,400
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
58’ on Pike St
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 | $622,000 (2025) |
| Land Assessment | $28,000 (2025) | Total Assessment | $650,000 (2025) |
PROPERTY TAXES
Parcel Number
054-21-19-008.00
Land Assessment
$28,000 (2025)
Improvements Assessment
$622,000 (2025)
Total Assessment
$650,000 (2025)
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140-142 W Pike St
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