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    3938 Decoursey Ave Covington, KY 41015

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Green Lantern Cafe / Restaurant

    Property Details for 3938 Decoursey Ave

    Property type
    Commercial real estate

    Description

    This Covington, KY landmark, 3938 Decoursey Avenue Unit 3938, presents a unique opportunity to acquire a well-established restaurant and bar, "The Green Lantern." Priced at $300,000, this turnkey operation includes all necessary equipment for immediate operation. The expansive outdoor patio provides ample seating and entertainment space, while the spacious commercial kitchen boasts extensive storage in the lower level. A significant advantage is the inclusion of a valuable liquor license, already in place. Further enhancing the revenue potential are existing entertainment options such as a lottery, slots, and karaoke, all ready for immediate use. Upstairs, a four-room apartment awaits renovation, offering significant potential for additional income or owner housing. The property sits on a 0-acre lot. This is more than just a business

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.4995
    Latitude
    39.0435

    Comparable in this City

    • Value Estimation by Request
      3,245 SF

      3938 Decoursey Ave

      Investment properties • 3,245 SF
      3938 Decoursey Ave, Covington, KY 41015
      View Details
    • Value Estimation by Request
      1,500 SF

      3590 Steep Crk Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      3590 Steep Crk Rd, Latonia, KY 41015
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    • Value Estimation by Request
      46,998 SF

      Holland Dr

      COMMERCIAL (GENERAL) • 46,998 SF
      Holland Dr, Latonia, KY 41015
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    • Value Estimation by Request
      360,000 SF

      Howe Dr

      COMMERCIAL (GENERAL) • 360,000 SF
      Howe Dr, Latonia, KY 41015
      View Details
    • Value Estimation by Request
      113,400 SF

      4312 Boron Ave

      COMMERCIAL (GENERAL) • 113,400 SF
      4312 Boron Ave, Covington, KY 41015-1721
      View Details
    • Value Estimation by Request
      110,442 SF

      3535th Latonia Ave

      COMMERCIAL (GENERAL) • 110,442 SF
      3535th Latonia Ave, Covington, KY 41015-1341
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.75 Acres

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      Prime Covington Commercial Land

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      Latonia Retail Space: Prime Location

      Turnkey Retail Space, High Visibility, Northern KY
      3726 Winston Ave, Latonia, KY 41015
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      0.05 Acres

      Residential Lots in Latonia Lakes

      Six residential lots available in Latonia, Kentucky.
      489 Elm Rd, Latonia, KY 41015
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    • $39,900
      Pending

      Residential Land in Wooded Setting

      Residential building site near Cincinnati with wooded privacy and convenience.
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    Similar Nearby for Lease

    • $4,053 /Mo
      66,054 SF

      Retail Space in Taylor Mill

      Retail space with existing infrastructure in high-traffic area.
      5113 Taylor Mill Rd, Taylor Mill, KY 41015
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    • $1,800 /Mo
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      Retail Space in Latonia

      Retail space in Covington with high visibility and easy access.
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      306,560 SF industrial space with easy highway access.
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      Retail Space in Latonia Centre

      Retail spaces available in Covington, KY, community center.
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    • $1,800 /Mo
      2,200 SF

      Latonia Commercial Space For Rent

      2200 SF commercial space in the heart of Latonia.
      3622 Decoursey Ave, Latonia, KY 41015
      View Details
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    3938 Decoursey Ave
    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
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