508 Madison Avenue Covington, KY 41011
COMMERCIAL - Covington, KY
Property size:
3,200 SFLot size:
0.07 AcresPrice / SF:
$168/SF- Added:
- Sep 4, 2024
- Days on Market:
- 599
- Last Refresh:
- Apr 25 at 9:06 am
Property Features for 508 Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Assigned
- Security features
- Security System
- Exterior features
- Lighting, Curbs, Sidewalks
- Basement
- Partial
- Standard status
- Active
- APN
- 054-23-05-025.00
- Size
- 3,200 SF
- Lot size
- 0.07 Acres
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Building materials
- Brick
- Roof type
- Membrane
Listing agent Ed Ferrall License #195908 (513) 260-7033
Listing office Comey & Shepherd, REALTORS 1151-1 Stone Drive, Cincinnati, KY (513) 367-3650
Listing date Sep 4, 2024
MLS# 626252
Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Covington Commercial Investment Opportunity
This is a 3,200 square foot, two-story brick commercial building presenting an investment opportunity. The first floor is currently rented to Wabi Sabi Sushi bar, with a current rent of $3,000 per month. Included with the first floor are the bar, back shelving, hood, alarm system, outside patio/seating area, and a walk-in cooler. There are also two basement areas, one of which is used for tenant storage. The building has two assigned rear parking spots. The roof is rubber and was installed 5 years ago. There are two rooftop A/Cs, one of which is new. The second floor has been gutted to the studs and has water and electric, requiring a complete rehabilitation. The property is located in a historic district. The property is being sold AS-IS. Buyer is responsible for verifying all use and restrictions. Please note that no liquor license is included.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wabi Sabi
Restaurant
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Kenton
- State
- Kentucky
- Longitude
- -84.510348
- Latitude
- 39.085642
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two-story commercial building with first-floor restaurant and rehab potential.
Where is this conventional restaurant located?
The property is located at 508 Madison Avenue Covington, KY.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Income‑generating property: First floor currently rented to established sushi bar for $3000/month.; Prime commercial space: 3200 sqft brick building in a historic district.; Restaurant‑ready features: Includes bar, shelving, hood, alarm, patio/seating, and walk‑in cooler.
