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Downtown Covington-Redevelopment Opportunity 729 Scott St 4,118 SF of Retail Space Available in Covington, KY 41011
HIGHLIGHTS
- Lease Rate - $18.00 (Gross)
- Zoning - DTC | Downtown Core
- Available For Sale
- Kenton County
- Grey Shell Space
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,118 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $193.75 /m²/YR $16.15 /m²/MO $6,177 /MO $74,124 /YR | Modified Gross |
1st Floor
3CRE is pleased to present an exceptional opportunity: a 4,118-square-foot grey shell retail/office space at 729 Scott Street in Kenton County. This expansive property offers unparalleled flexibility and is ideally positioned for business success. With convenient access to major highways and the downtown area, it serves as an ideal location for companies seeking to expand and optimize their operations. The property is located in a highly sought-after area of Kenton County, providing easy access to major thoroughfares, including I-275 and Route 16. This prime location makes it a strategic hub for businesses looking to serve the Greater Cincinnati area. Just a short drive from downtown Cincinnati, the site ensures excellent visibility and accessibility. Surrounded by a range of local amenities, including dining, retail, and transportation options, this location provides a dynamic and convenient environment for both businesses and their employees.
- Listed rate may not include certain utilities, building services and property expenses
- Lease Rate - $18.00 (Gross)
- Kenton County
- Zoning - DTC | Downtown Core
- Grey Shell Space
- Available For Sale
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,118 SF | Gross Leasable Area | 4,118 SF |
| Property Type | Retail | Year Built | 1956 |
| Property Subtype | Bar |
| Total Space Available | 4,118 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 4,118 SF |
| Year Built | 1956 |
ABOUT THE PROPERTY
3CRE is pleased to present an exceptional opportunity: a 4,118-square-foot grey shell retail/office space at 729 Scott Street in Kenton County. This expansive property offers unparalleled flexibility and is ideally positioned for business success. With convenient access to major highways and the downtown area, it serves as an ideal location for companies seeking to expand and optimize their operations. The property is located in a highly sought-after area of Kenton County, providing easy access to major thoroughfares, including I-275 and Route 16. This prime location makes it a strategic hub for businesses looking to serve the Greater Cincinnati area. Just a short drive from downtown Cincinnati, the site ensures excellent visibility and accessibility. Surrounded by a range of local amenities, including dining, retail, and transportation options, this location provides a dynamic and convenient environment for both businesses and their employees.
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Scott Blvd | E 8th St, S | 10,988 | 2022 | 0.02 mi |
| Scott Blvd | Saratoga St, S | 6,717 | 2022 | 0.05 mi |
| E 8th St | Madison Ave, W | 2,530 | 2022 | 0.05 mi |
| East 8th Street | Madison Ave, W | 1,852 | 2022 | 0.05 mi |
| East 7th Street | Scott Blvd, E | 1,593 | 2018 | 0.07 mi |
| Madison Ave | E 8th St, S | 9,696 | 2022 | 0.07 mi |
| Scott Blvd | E 9th St, S | 6,673 | 2022 | 0.08 mi |
| E 7th St | Scott Blvd, W | 2,774 | 2022 | 0.08 mi |
| E 8th St | Greenup St, E | 2,350 | 2022 | 0.08 mi |
| Greenup St | E 8th St, S | 6,781 | 2022 | 0.10 mi |
NEARBY MAJOR RETAILERS
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