Property profile

140 W 38Th St Covington, KY 41015

FOR SALE
Parking lots & garages
Property ID
US34-0121274
1 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 1 ac (43,560 SF)
APN 056-14-07-001.03
UPID US34-0121274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

140 W 38Th St Covington, KY 41015
Covington metro Census 61300 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$865k

Owner & transaction history

since 2023
Last sale
$735,000
3 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$735,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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