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

Three-story office building with separate utilities and secured keyed access, plus surface parking on-site.

Property Size9,000 SF
Price / SF$109.89
Days on Market494

Property Features for 421 Madison Ave

General Information

Standard status Active
Size 9,000 SF
Total Parking Spaces 10
Property subtype OFFICE

Additional Details

Opportunity Zone Yes
Utilities to Site Yes

Building Details

Year Built 1904
Buildings 1
Stories 3
Building Size 9,000 SF
Listing Agency: Sudbrack | Kron Commercial Real Estate Services
Listed By: Sudbrack | Kron Commercial Real Estate Services
Source: Moodyscre
Added: Mar 26, 2025 Changed: Jul 30 Last Checked: Jul 31 at 7:02AM

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 three-story, 9,000 SF office building built in 1904. The building offers floor-by-floor flexibility with separate utilities on each level. Secured keyed access is available if floors are leased to unrelated businesses.

Floor plans vary by level and include private offices, reception areas, conference rooms, and kitchenettes. The property is located in an opportunity zone.

Parking includes 10 surface spaces on the parcel, with an additional 10 surface spaces available on the neighboring parcel. The building is at 421 Madison Ave, Covington, KY 41011.

Key Highlights

  • Built in 1904 Morgan Building
  • Three‑story office building totaling 9,000 SF
  • Each floor has separate utilities

Property Analytics

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 Kitchen & Bath Showroom Locksmith Acupuncture Carpet & Flooring Store

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

Yes
Utilities to site

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

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 - Three-story office building with separate utilities and secured keyed access, plus surface parking on-site.
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: Built in 1904 Morgan Building; Three‑story office building totaling 9,000 SF; Each floor has separate utilities
(513) 271-2460 Call to check price and availability
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