Historic Building in Licking
211 Garrard St., Covington, KY 41011
For Sale
$1,095,000
Historic building with modern updates and private parking.
Property Size5,870 SF
Price / SF$186.54
Days on Market229
Property Features for 211 Garrard St.
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Cushman & Wakefield | Cincinnati
Listed By:
Joe Janszen · License KY #0000272613
(513) 549-3011
Source:
Cushmanwakefield
Added: Mar 27
Changed: Nov 9
Last Checked: Nov 10 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Cincinnati
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 211 Garrard Street is located in Covington’s Licking Riverside Historic District, between East 2nd and 3rd Street. The 5,870 square-foot building features original architectural details and modern updates. A private parking lot is located directly behind the property, with access from both Garrard Street and Sanford Alley. The property is suitable for storefront, retail, and general commercial real estate use.
Key Highlights
- Located in Covington's iconic Licking Riverside Historic District.
- Private parking lot directly behind the property.
- Beautifully preserved original architectural details.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,634
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,680
$1.3M
Cap Rate 7%
$909,057
$909.1K
Cap Rate 9%
$707,044
$707.0K
Market Conditions
NOI Build-Up for 5,870 SF
Gross rent
$96.5K $16.44/SF
− Vacancy
−$5.6K −$0.95/SF
EGI
$90.9K $15.49/SF
− OpEx
−$27.3K −$4.65/SF
NOI
$63.6K $10.84/SF
Area
Kenton County, KY
Vacancy
5.80%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,680
Cap Rate 7%
$909,057
Cap Rate 9%
$707,044
Alternative Uses
Best Use
Retail
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,077 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,209
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Hotels & Casinos 26%
Dining 24%
Hampton Inn & Suites Newport/Cincinnati
Hotels & Casinos
6,038 visits/mo
0.5 miles
Lee's Famous Recipe Chicken
Dining
5,639 visits/mo
0.4 miles
Huntington Bank
Shops & Services
4,561 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,524 visits/mo
0.3 miles
U.S. Bank
Shops & Services
3,422 visits/mo
0.4 miles
Demographics for 41011, KY
26,470
Population
14,490
Households
1.8
Avg Household Size
37
Median Age
44%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$67,075
Median Household Income
$47,192
Median Earnings
$1,011
Median Rent
$269,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Gronauer Florist — 1 W 4th St #120, Cincinnati, OH 45202, United States
- I Am Blossoms — 407 Vine St, Cincinnati, OH 45202
Frequently Asked Questions
What type of property is this?
Storefront property - Historic building with modern updates and private parking.
Where is this storefront property located?
The property is located at 211 Garrard St. Covington, KY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Located in Covington's iconic Licking Riverside Historic District.; Private parking lot directly behind the property.; Beautifully preserved original architectural details.
