• Broker Chip Sudbrack 5133828717
  • Broker Spencer Kron 5132712460

The Morgan Building 421-423 Madison Ave 9,000 SF Vacant Office Building Covington, KY 41011 $1,368,094 CAD ($152.01 CAD/SF)

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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.

ATTACHMENTS

For Sale - 421 Madison Ave Covington KY

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
$1,368,094 CAD
Price Per SF
$152.01 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
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C
Parking
19 Spaces (2.11 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 3,000 SF
  • Office
  • -
  • Now

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.

  • 2nd Floor
  • 3,000 SF
  • Office
  • -
  • Now

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.

  • 3rd Floor
  • 3,000 SF
  • Office
  • -
  • Now

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

LINKS

Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)

PROPERTY TAXES

Parcel Number 054-21-17-008.00 Improvements Assessment $1,063,074 CAD
Land Assessment $116,890 CAD Total Assessment $1,179,963 CAD

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ADDITIONAL PHOTOS

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