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Property profile & analytics
OFF-MARKET
Land

1234 Pike St Covington, KY 41011

Property ID
US34-0060673
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
UPID US34-0060673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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