STATUS: OFF-MARKET
Property & Location Highlights:
- Liquor license and restaurant license in good standing with building
- The second floor is a blank canvas – could be converted into multi-familiy, more commercial/retail space, or used as an event center
- Strong local following of the establishment on the first floor
- Heavy walkable residential area surrounding the building
- Solid rental area if converted to multi-family
- 1.3 miles to I-71/75 and 5 minutes to downtown
Property Highlights:
Mixed-Use Retail Building for Sale Don’t miss out on this amazing opportunity to own a mixed-use retail building in the bustling city of Covington, KY. Located at 399 Altamont Road, this property offers incredible potential for investors and entrepreneurs alike. Boasting a total of 5,085 square feet, this historic building was constructed in 1876 and features a strong local following for the establishment on the first floor. In addition, it comes with a liquor license and restaurant license, making it a turnkey opportunity for those in the hospitality industry. The second floor offers a blank canvas, allowing for conversion into a multi-family unit, additional commercial or retail space, or even an event center. The surrounding area is densely populated with residential neighborhoods, ensuring a steady stream of potential customers and residents. Conveniently located just 1.3 miles from I-71/75 and a short 5-minute drive from downtown, this property offers easy accessibility and visibility. Whether you’re looking to expand your business or invest in a lucrative property, this mixed-use retail building is a must-see.
A Commercial Property for Sale with Endless Potential
This remarkable commercial property for sale stands as a testament to versatility. It offers an array of possibilities that extend beyond its brick-and-mortar. It’s not just a building; it’s an opportunity waiting to be seized. The ground floor of this property is home to well-maintained liquor and restaurant licenses. It’s an attractive starting point for those with culinary or hospitality ambitions. The allure continues upstairs, where the second floor is a spacious blank canvas. It’s ready to be transformed into multi-family living, expanded commercial/retail space, or a vibrant event center. It turns this potential investment strategy for a small business looking to grow into a safer investment. This building offers a potential passive income, allowing the new owners to recoup the cost of their investment by simply maintaining the building for their tenants. It’s an added layer of security for small businesses that could fall upon hardships.
While the first-floor establishment enjoys strong local patronage, the property’s location within a thriving residential community amplifies its potential. Its walkable surroundings make it not just a structure, but a hub for community engagement. Should multi-family conversion be on your radar, you’ll discover a robust rental market awaiting transformation. The property’s strategic positioning ensures both accessibility and connectivity. It’s a great location with enough space to make it a solid investment prospect. The property’s exceptional adaptability and the prospects it holds make it a valuable addition to any portfolio. Whether you’re looking to expand your business or invest in a lucrative property, this mixed-use retail building is a must-see.