502 W 3rd St, Covington, KY 41011 Property Records

Kenton County property record for 502 W 3rd St, Covington, KY 41011

Property Summary

Property Type	Hotel
Lot Size	1.66 acres (72,571 sqft)
Owner	2 Company Names on File
Last Sale	$13,878,887 (Jun 2012)
Tax Bill	$223,267 (2025)
Deeds & Mortgages	Sep 2026 Line of Credit
Flood Zone	Zone X (reduced by levee)
APN	`040-34-04-004.01`

Property Details

APN / Parcel Number

Primary APN	`040-34-04-004.01`

Exterior

Lot Area	72,571 sqft (1.66 acres)
Lot Dimensions	258 ft deep x 151 ft wide

Location & Zoning

Street Address	502 W 3RD ST
City	COVINGTON
State	KY
Zip	41011
Property Category	Commercial
Property Type	Commercial > Retail > Hotel
Legal Description	JOHNSON & BAKEWELL LOTS 7 THRU 9 & LOTS 13 THRU 18 & PT LOTS 1 THRU 6 & 12 1.6664 AC NWC 3RD & BAKEWELL SEE 640-34-04-004-01
Legal Subdivision	JOHNSON & BAKEWELL
Legal Phase	9
Legal Lot Number	18
Jurisdiction	KENTON KY
Township / Civil Division	COVINGTON
Census Block Group	4
Census Block	4006
Census Tract	67000

Owner

502 W 3rd St, a commercial property, is owned by a company that bought it in June 2012.

Source: Kenton County records, as of October 20, 2026

Owner of Record	2 Company Names on File
Mailing Address	2500 DALLAS PKWY, 600, PLANO, TX 75093-4820
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 18, 2012 · Amount on File
Deed Sale	Jun 18, 2012 · Amount on File
Prior Sale	Apr 21, 2005 · Amount on File
Deed Document Number	201206 16 059 00005
Deed Book / Page	4870 / 18
Record Updated	Oct 29, 2026

September 2026:

Jurisdiction	KENTON KY
Recording Date	Sep 14, 2026
Property Address	502 W 3RD ST, COVINGTON, KY 41011
Document Number	0000021004
Book / Page	497 / 427
Instrument Date	Aug 4, 2026
Instrument	2026091421004
Record Updated	Oct 23, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	4756 HOUSTON RD, FLORENCE, KY 41042-4822

Mortgage

Document Number	0000021006,
Date	Sep 14, 2026
Instrument	2026091421006

Lender

Name	COMMUNITY TRUST BANK

Agreement

Type	Line of Credit
Amount	Amount on Record
Due	Aug 15, 2051

Interest

Max Rate	-1%

Tax Assessment & Valuation

The 2025 property tax bill for 502 W 3rd St was $223,267.

Source: Kenton County assessment roll, as of December 2, 2025

Property Jurisdictions

Type	Name
State	Kentucky
County	Kenton County
Municipality	Covington City
Unified School District	Covington Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$16,850,400 (-) Land $2,100,000 Building $14,750,400	$16,850,400 (-) Land $2,100,000 Building $14,750,400
2025	$223,267.00	$16,850,400 Land $1,680,000 Building $15,170,400	$16,850,400 Land $1,680,000 Building $15,170,400
2023	$224,447.00	$16,850,400 Land $1,680,000 Building $15,170,400	$16,850,400 Land $1,680,000 Building $15,170,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 502 W 3rd St in Zone X, where a levee reduces flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective June 19, 2015 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X reduced by levee · depends on levee performance
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 22 individual policies
Nearby Flood Policies	104 units insured incl. 82 condo units
Nearby Flood Claims	9 (1997–2025)
Claims Outside the SFHA	2 of 9
Most Recent Claim	Apr 2025 · Severe Storms, Straight-line Winds, Tornadoes, Flooding, Landslides, And Mudslides
Claims by Event	Severe Storms, Straight-line Winds, Tornadoes, Flooding, Landslides, And Mudslides, Apr 2025 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 502 W 3rd St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 94% of the US · lower than 95% of Kentucky
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	NORTHERN KENTUCKY WATER DISTRICT serves 259,949 people · EPA ID KY0590220
Water Source	Surface water
Last State Inspection	Oct 2023
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 105 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Starlink Satellite	280 / 30
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: altafiber Network Solutions, Verizon.

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