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    421 Madison Ave Covington, KY 41011

    For Sale
    $989,000

    9,000 SF, three-story building with parking in Covington, KY.

    Property size:
    9,000 SF
    Lot size:
    0.13 Acres

    Property Features for 421 Madison Ave

    General Information

    Size
    9,000 SF
    Lot size
    0.13 Acres

    Source: Sudbrack | Kron Commercial Real Estate Services Agent Sudbrack | Kron Commercial Real Estate Services

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Morgan Building For Sale

    Constructed in 1904, the Morgan Building is a 9,000 square foot, three-story structure situated within an opportunity zone. The property includes 10 surface parking spaces, with an additional 10 spaces available on the adjacent parcel. Each floor features separate utilities and secured keyed access, accommodating potential leasing to multiple businesses. The floor plans vary and include private offices, reception areas, conference rooms, and kitchenettes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Daniel T. Guidugli Attorney Morgan & Smith Attorney Porter Jack L Attorney Ky Post News ... Newspaper Publisher

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.511334
    Latitude
    39.086449

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    FAQs

    What type of property is this?
    Office building - 9,000 SF, three-story building with parking in Covington, KY.
    Where is this office building located?
    The property is located at 421 Madison Ave Covington, KY.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Located in an opportunity zone; - **9,000 SF 3-story building**; - 20 total surface parking spaces (10 on-site, 10 on neighboring parcel)
    (513) 271-2460
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    421 Madison Ave Covington, KY 41011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Madison Ave Covington, KY 41011
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