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Historic Three-Story Office Building
For Lease
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421 Madison Ave, Covington, KY 41011

Built in 1904, this three-story office building offers separate, keyed-access floors with varied layouts.

Space Size9,000 SF
Days on Market536

Property Features for 421 Madison Ave

General Information

Standard status Active
Size 9,000 SF
Total Parking Spaces 10
Property subtype OFFICE
Lease Type Modified Gross

Additional Details

Opportunity Zone Yes

Amenities

private offices
reception
conference rooms
kitchenettes

Building Details

Year Built 1904
Stories 3

Spaces For Lease

at 421 Madison Ave Contact us

421 Madison Ave $16/SF/Yr

Floor
Bldg
Size
9,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Built in 1904, The “Morgan Building” is a 9,000 SF 3 story building Located...
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Listing Agency: Sudbrack | Kron Commercial Real Estate Services
Listed By: Sudbrack | Kron Commercial Real Estate Services
Source: Moodyscre
Added: Mar 26, 2025 Changed: Sep 10 Last Checked: Sep 12 at 11:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sudbrack | Kron Commercial Real Estate Services

Investment Insights

Based on property information with market context.

The “Morgan Building” is a 3-story office property built in 1904, totaling about 9,000 square feet. Floor plans vary by level and include private offices, reception areas, conference rooms, and kitchenettes. Each floor has separate utilities, and secured keyed access is available if floors are leased to unrelated businesses.

The property includes 10 surface parking spaces on the parcel, with an additional 10 surface spaces available on the neighboring parcel. The building is located in an opportunity zone.

The available configuration supports multiple independent occupancies through separate utilities and keyed access, while maintaining consistent office-oriented improvements across the floors.

Key Highlights

  • Built in 1904, this 3‑story office building offers 9,000 SF of space across separate floors
  • Opportunity zone location
  • 10 surface parking spaces on the parcel, plus an additional 10 spaces on the neighboring parcel

Property Analytics

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Current Use

Daniel T. Guidugli Law Firm Morgan & Smith Law Firm Porter Jack L Law Firm Ky Post News ... Publishing House

Suggested Use

Top Pick HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Locksmith Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,020
Businesses Nearby

Demographics for 41011, KY

26,470
Population
14,490
Households
1.8
Avg Household Size
37
Median Age
44%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$67,075
Median Household Income
$47,192
Median Earnings
$1,011
Median Rent
$269,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Built in 1904, this three-story office building offers separate, keyed-access floors with varied layouts.
Where is this office building located?
The property is located at 421 Madison Ave Covington, KY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Built in 1904, this 3‑story office building offers 9,000 SF of space across separate floors; Opportunity zone location; 10 surface parking spaces on the parcel, plus an additional 10 spaces on the neighboring parcel
(513) 271-2460 Call to check price and availability
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