1234 Pike St Covington, KY 41011
This exceptional 25,000 square foot development opportunity is located in the heart of Covington, Kentucky, offering stunning skyline views of Cincinnati. The property, encompassing nine lots (with potential for additional consolidation), is zoned for Semi-Urban Residential use, allowing for a variety of development options. These include multi-unit residential buildings, mixed-use projects, or light commercial ventures. The high-visibility location on Pike Street/Dixie Highway ensures excellent exposure. Ample parking is available via an alleyway off Hermes Avenue at the rear of the property. The sale includes the following parcels: 041-33-06-018.00 (1212 W PIKE ST), 041-33-06-015.00 (1222 W PIKE ST), 041-33-06-014.00 (1224 W PIKE ST), 041-33-06-013.00 (1226 W PIKE ST), 041-33-06-012.00 (1228 W PIKE ST), 041-33-06-011.00 (1230 W PIKE ST), 041-33-06-010.00 (1232 W PIKE ST), 041-33-06-009.00 (1234 W PIKE ST), and 041-33-06-030.00 (1227 HERMES AVE). Detailed zoning information is available upon request. The asking price for this significant development opportunity is $650,000. Ownership is held by Safeguard Management LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.