Chip Sudbrack 5133828717
Spencer Kron 5132712460

The Morgan Building 421-423 Madison Ave 9,000 SF Vacant Office Building Covington, KY 41011 $989,000 ($109.89/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.

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

Year Built

1904

Price

$989,000

Price Per SF

$109.89

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

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.