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    140 38Th St Covington, KY 41015

    Sponsored
    For Sale
    $1,500,000

    24,600 SF Flex Space, $1.5M

    Property size:
    24,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Covington, Kentucky industrial property offers 24,600 square feet of versatile flex, manufacturing, and warehouse space, ideal for a variety of businesses. Located at 140 W 38th St, this single-story building sits on a 0.83-acre lot and is zoned SI. The property features two units, each priced at $750,000, totaling $1,500,000. The building boasts a 19-foot ceiling height, providing ample vertical space. Loading capabilities include two loading docks, enhancing operational efficiency. Additional features include convenient drive-in access points (one 20' wide x 16' tall, one 12' x 12', and one 12' x 16'), 34 x 20 column spacing for clear span, and eleven parking spaces. The property is divisible, offering 18,000 square feet and 6,600 square feet options. Gas heating is provided. This exceptional property presents a unique opportunity for businesses seeking a functional and strategically located industrial space in Kenton County, KY (APN: 056-14-07-001.02). The price per square foot is $60.98.

    Property Features for 140 38Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    24,600 SF
    Lot Size
    36,155 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $1,500,000 asking price for this 24,600 square foot industrial property.
    • Located at 140 W 38th St, Covington, KY 41015.
    • The property features two units totaling 24,600 square feet, with a price per square foot of $60.98.
    • Building highlights include 19' ceiling height, two loading docks, and eleven parking spaces.
    • The 0.83‑acre lot is zoned SI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5073513
    Latitude
    39.0467388

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    FAQs

    What type of property is this?
    Distribution property - 24,600 SF Flex Space, $1.5M
    Where is this distribution property located?
    The property is located at 140 38Th St Covington, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for this 24,600 square foot industrial property.; Located at 140 W 38th St, Covington, KY 41015.; The property features two units totaling 24,600 square feet, with a price per square foot of $60.98.
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    Covington, KY 41015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 38Th St Covington, KY 41015
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