508 Madison Avenue Covington, KY 41011
Two-story commercial property with first-floor restaurant and rehab potential.
Type:Mixed Use
Property size:
3,200 SF- Added:
- Sep 3, 2024
- Days on Market:
- 600
- Last Refresh:
- Apr 1 at 9:15 pm
Property Features for 508 Madison Avenue
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Mixed Use
Listing agent Ed Ferrall
Listing office Comey & Shepherd, REALTORS (513) 367-3650
Listing date Sep 3, 2024
Source Xome
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 Comey & Shepherd, REALTORS
Overview
Two-Story Commercial Investment Opportunity
This is a 3,200 square foot, two-story brick commercial property, presenting an investment opportunity. The first floor is currently rented to Wabi Sabi Sushi bar, with a current rent of $2,700 per month. The first floor includes a bar, back shelving, hood, alarm system, outside patio/seating area, and a walk-in cooler. There are two basement areas, one of which is used for tenant storage. The property features two assigned rear parking spots. The roof is rubber and is 5 years old. There are two rooftop A/Cs, one of which is new. The second floor has been gutted to the studs and requires complete rehabilitation, but it does have water and electric. The property is located in a historic district and is being sold AS-IS. The buyer is responsible for verifying all uses and restrictions. Note that no liquor license is included with the property.
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
- -84.510451
- Latitude
- 39.085696
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story commercial property with first-floor restaurant and rehab potential.
Where is this mixed-use property 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: First floor currently rented to established sushi bar generating $2700/month income; Includes sushi bar equipment: bar, shelving, hood, walk‑in cooler, and alarm system; Located in a historic district
