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640 Russell St 6,000 SF 73% Leased Retail Building Covington, KY 41011 $789,000 ($131.50/SF)

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Executive Summary

***FEB 2026 UPDATE: Commercial unit vacant as of mid-February*** 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! A great investment opportunity awaits at this low-maintenance, cash-flowing property.

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
$789,000
Price Per SF
$131.50
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
CPD-7P (HP-O)
Frontage
58’ on Pike St

Amenities

  • Bus Line
  • Corner Lot
  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,200-1,600 SF
  • Office
  • -
  • Now

Beautiful space to host your office, retail, classroom, coffee/tea shop, etc! This corner lot is in a prime location connecting downtown Covington to Mainstrasse Village. It offers a variety of options for larger gathering areas, private office spaces/conference rooms, sales booths, or separate prep/storage areas, so it can fit your business's needs. Call Haley Runion at 615-498-9952 to schedule your private tour today.

Space Size Space Use Position Available
1st Floor 1,200-1,600 SF Office - Now

1st Floor

Size
1,200-1,600 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size 1,200-1,600 SF
Space Use Office
Position -
Available Now

Beautiful space to host your office, retail, classroom, coffee/tea shop, etc! This corner lot is in a prime location connecting downtown Covington to Mainstrasse Village. It offers a variety of options for larger gathering areas, private office spaces/conference rooms, sales booths, or separate prep/storage areas, so it can fit your business's needs. Call Haley Runion at 615-498-9952 to schedule your private tour today.

Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

First Financial Bank
U.S. Bank
Huntington National Bank
Fifth Third Bank
PNC Bank
Truist
LaRosa's Pizzeria
Toyota
Waffle House
Skyline Chili

Property Taxes

Property Taxes

Parcel Number
054-21-19-008.00
Land Assessment
$28,000
Improvements Assessment
$622,000
Total Assessment
$650,000
  • Listing ID: 37767120

  • Date on Market: 9/22/2025

  • Last Updated:

  • Address: 640 Russell St, Covington, KY 41011

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