2002 Madison Ave, Unit 14 Covington, KY 41014-1210
Property profile & analytics
2002 Madison Ave, Unit 14 Covington, KY 41014-1210
- Office buildings
- 10,476 SF
- 0.50 lot acres
Property ID
US34-0064548
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Kenton County Health Center / Medical Clinic
Property Details for 2002 Madison Ave
- Year built
- 1990
- Lot size
- 0.50 lot acres
- Property size
- 10,476 SF
- Property type
- Office buildings
- APN
- 055-14-20-001.00
- APU
- 55142000100
Description
This exceptional 11,774 square foot, two-story Class C office building, situated on a 0.44-acre lot in Covington, Kentucky, presents a unique investment opportunity. Currently configured as a medical office building, it offers seamless adaptability for traditional office use. Located at a signalized intersection just outside Covington's bustling downtown retail area, the property boasts a convenient 30-space private parking lot. The building, constructed in 1990, is zoned GC and features a desirable NNN lease type with multi-tenancy. Its prime location offers easy access to I-71 and Downtown Cincinnati, benefiting from high visibility (nearly 20,000 vehicles per day on E. 20th Street). The property is part of Covington's thriving urban core, experiencing significant mixed-use development and expansion in the emerging Central Riverfront neighborhood. This area has garnered national recognition, including being named a "Best Place to Live" and receiving multiple 2024 Excellence in Economic Development Awards. Further enhancing its appeal are local grants supporting small businesses and start-ups. The property's proximity to MLK Drive provides direct access to I-71/75, SEHC, and the new NKHD, solidifying its strategic position within a rapidly growing and attractive market. The asking price is $1,100,000, translating to $93.43 per square foot. The property's APN is 055-14-20-001.00 and is offered as a 1031 exchange opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $780,000
- ML approach
- $850,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,173,000
Market price range: $414k - $1.54M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,285,000 Current use
- RESTAURANT
- $1,380,000 Change: +7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Kenton
- State
- Kentucky
- Longitude
- -84.5054
- Latitude
- 39.0667
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$200,000
$950,000
$1,150,000
-
$200,000
$950,000
$1,150,000
