421-423 Madison Ave - Loft/Creative Space FOR SALE


Covington, KY 41011
$989,000 USD
513-382-8717
421-423 Madison Ave, Covington, KY for Sale
$989,000 USD
Loft/Creative Space - FOR SALE
1/13
null | Request Cap Rate

421-423 Madison Ave
Covington, KY 41011


HIGHLIGHTS

  • Minutes to I-71/74/471
  • Easy Walk to Downtown Cincinnati
  • Located in an opportunity zone

OVERVIEW

Built in 1904, The “Morgan Building” is a 9,000 SF 3 story building located in Covington KY, 1 block South of the 23-acre former IRS site that the city is pledging over $100M of incentives for redevelopment into a mixed-use transformational community. Located in an opportunity zone. This parcel has 10 surface parking spaces and an additional 10 on the neighboring parcel. Each floor has separate utilities, and secured keyed access if floors were to be leased to unrelated businesses. Floor plans vary with private offices, reception, conference rooms and kitchenettes.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Morgan Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C

APN/PARCEL ID

054-21-17-008.00

ASK ABOUT THIS PROPERTY

Chip SudbrackSudbrack Kron Commercial Real Estate ServicesMore Info
513-382-8717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chip SudbrackSudbrack Kron Commercial Real Estate ServicesMore Info
513-382-8717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.