A rare opportunity to secure a double-lot development site directly on West MLK Jr. Blvd!Located at the corner of Russell Street and West MLK Jr. Blvd, this approximately 4,110 sq. ft. TUMU-zoned property puts you right in the path of the area's everyday traffic and continued growth, with 21,000+ vehicles passing along the boulevard annually. The Traditional Urban Mixed Use zoning opens the door to a variety of possibilities, including a business with residential living above, single-family or multifamily residential, civic uses, hotel/motel, indoor entertainment, and limited light industrial uses. This site offers flexibility that goes well beyond a typical residential lot. Two lots. One highly visible location. Multiple possibilities. Take advantage of the opportunity to put your investment directly on one of Covington's active and evolving corridors. Build for today, or invest in the future of the up and coming MLK Jr. Blvd.
Seminary Square, located between Madison Avenue and Scott Boulevard, is a historic and walkable Covington neighborhood with a compact street grid and a pocket-park centerpiece. The neighborhood’s character concentrates around the Madison Avenue corridor near 12th Street, where coffee counters, small galleries, and corner eateries set a steady daytime rhythm. Rows of late-19th-century brick townhomes and porch-front houses give the blocks a consistent, urban-residential feel. Seminary Square Park acts as the front lawn, with benches and paths that pull foot traffic through the middle. The Carnegie anchors the cultural calendar with exhibitions and performances. Braxton Brewing Company and Hotel Covington add a polished, local backdrop for evenings and weekends.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Has a view
Cleared corner lot
City street frontage
Home design
Land
Utilities
Public water
Sewer at street
Water and sewer available
Sale and tax history for 1127 Russell St
Sale History
Tax History
Date
Event
Price
NKMLS #647361
Oct 8, 2026
Listed
$69,000
$17/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Vacant Land
County
Kenton County
APN
054-22-33-014.00
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Last updated by owner on Oct 8, 2026.
TUMU
TS
Traditional Urban Mixed Use District
The Traditional Urban Mixed-Use TUMU district consists of the historic main streets of Covington's in-town neighborhoods. Priority is placed on optimizing the physical characteristics of the built environment for increased walkability and a vibrant center building upon the historic character of Covington's neighborhood main streets. This district supports the small-scale fine-grained character of the historic neighborhoods with a mix of attached and detached mixed-use buildings on small lots. Buildings are close to the sidewalk and off-street parking is screened from public spaces.
Zone overlays
12th Street Overlay District
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Day care facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Hotel / motel
Office
Public service
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 20 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Covington, KY • 41011
Average low and high temperatures (°F)
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49
54
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29
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1127 Russell St
$68,351
$649 under list price of $69K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $560K.