640 Russell St 6,000 SF 73% Leased Retail Building Covington, KY 41011 $775,000 ($129.17/SF)

Price reduced mixed-use investment opportunity in the heart of Covington. 140–142 W Pike St offers a rare combination of existing income, flexible commercial space, residential upside, garage parking, and walkable access to some of Covington’s most active dining, retail, and entertainment corridors.
The property includes two commercial storefront spaces, one residential unit with more than 2,500 square feet of living space, and private garage parking. The residential component features four bedrooms and three full bathrooms, creating flexibility for an owner-user, investor, or operator seeking additional income potential.
The remaining commercial space creates a clear path to stabilize the asset and improve the rent roll. Ownership is currently offering a move-in incentive for qualified commercial tenants, and the space is also eligible for the City of Covington rent subsidy program. This gives a buyer near-term upside without needing a major repositioning effort.
Located just steps from Braxton Brewing, MainStrasse Village, Hotel Covington, Bircus Brewing, and nearby restaurants, shops, and local businesses, the property benefits from strong visibility and daily traffic along W Pike St. The building sits in one of Northern Kentucky’s most recognizable urban neighborhoods with convenient access to downtown Cincinnati.
Owner open to creative terms.