713 Pike St 2,362 SF 100% Leased Office Building Covington, KY 41011 $449,000 ($190.09/SF) 8.02% Cap Rate

INVESTMENT HIGHLIGHTS

  • Open floor plan with large storefront windows
  • Ample storage space
  • High visibility location

EXECUTIVE SUMMARY

This newly renovated commercial building offers a prime opportunity for entrepreneurs, investors, or those seeking to live and work in the heart of Covington. The property features a large commercial space on the ground floor, ideal for retail, office, or service-based businesses, in a high traffic area with excellent visibility, along with a beautifully updated apartment above. The commercial area has a spacious open floor plan with large storefront windows for maximum exposure and abundant natural light, two restrooms and ample storage downstairs. The apartment offers a completely rehabbed two-bedroom unit with appliances, laundry hookups and a private entrance for apartment tenants. With renovations including all new electric and plumbing throughout, this building offers a unique opportunity for anyone looking to invest in a solid turn-key property with both commercial and residential potential.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,362 SF
Building Class
B
Year Built/Renovated
1921/2024
Price
$449,000
Price Per SF
$190.09
Cap Rate
8.02%
NOI
$36,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,363 SF
Building FAR
1.08
Lot Size
0.05 AC
Zoning
CMU - Designed to accommodate a mix of commercial and residential uses, promoting vibrant, walkable communities.
Parking
2 Spaces (0.85 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (70)

PROPERTY TAXES

  • Listing ID: 35155906

  • Date on Market: 3/16/2025

  • Last Updated:

  • Address: 713 Pike St, Covington, KY 41011