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Mixed-Use Property with Grocery Store
For Sale
$250,000

940 Western Ave, Covington, KY 41011

Combined neighborhood retail and residential space includes a three-bedroom apartment requiring full renovation.

Property Size3,369 SF
Price / SF$74.21
Days on Market13

Property Features for 940 Western Ave

General Information

Standard status Active
Size 3,369 SF
Total Parking Spaces 4

Units

Unit Mix 1 x 3BR
Multifamily Units 1

Amenities

fenced yard
Listing Agency: Huff Realty - Florence
Listed By: John Lewin · License #291051
Source: Exprealty
Added: Jul 24 Changed: Aug 2 Last Checked: Aug 2 at 6:40AM

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 Huff Realty - Florence

Investment Insights

Based on property information with market context.

This mixed-use property combines a neighborhood grocery store with a three-bedroom apartment that requires full renovation. The improvements also include a full basement and a four-car garage, providing substantial supporting space for the property’s retail and residential components.

The property occupies a double lot with a fenced yard in the Lewisburg section of Covington. It is being offered in as-is condition, with the buyer responsible for verifying property information and suitability for intended use.

Key Highlights

  • Neighborhood grocery store paired with a three‑bedroom apartment
  • Three‑bedroom apartment requires full renovation
  • Full basement included

Property Analytics

Current Use

Family Grocery Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Florist Veterinary Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

868
Businesses Nearby

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combined neighborhood retail and residential space includes a three-bedroom apartment requiring full renovation.
Where is this mixed-use property located?
The property is located at 940 Western Ave Covington, KY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Neighborhood grocery store paired with a three‑bedroom apartment; Three‑bedroom apartment requires full renovation; Full basement included
More about this property
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