The Morgan Building 421-423 Madison Ave 9,000 SF Vacant Office Building Covington, KY 41011 $1,406,951 CAD ($156.33 CAD/SF)
INVESTMENT HIGHLIGHTS
- Minutes to I-71/74/471
- Located in an opportunity zone
- Easy Walk to Downtown Cincinnati
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,000 SF
Building Class
B
Year Built
1904
Price
$1,406,951 CAD
Price Per SF
$156.33 CAD
Percent Leased
Vacant
Building Height
3 Stories
Typical Floor Size
3,000 SF
Building FAR
1.59
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C
Parking
19 Spaces (2.11 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
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.
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.
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.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,000 SF | Office | - | Now |
| 2nd Floor | 3,000 SF | Office | - | Now |
| 3rd Floor | 3,000 SF | Office | - | Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 054-21-17-008.00 | Improvements Assessment | $1,098,878 CAD |
| Land Assessment | $120,827 CAD | Total Assessment | $1,219,705 CAD |
