This Office Property is Off-Market.

624 Madison Ave & 19 East Pike St
Covington, KY 41011 ·

70,000 SF · Office For Sale

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Covington Center

Price N/A Occupancy 94%
Building Size 70,000 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1912
Property Use Type Investment Lot Size 0.49 AC
Cap Rate 11.16%
Listing ID: 13549198 Date Created: 09/25/2002 Last Updated: 10/15/2004

Description

Exceptionally Stable Occupancy - Five Substantial Long-Term Tenants -
Nearly Completely Renovated (1994-2004) (New Roof; HVAC; Wiring; Plumbing; Sprinklers; Security System; Tenant Build-Out; Two Elevators)- Minimal Common Area and Management Requirements
- In the Center of the City's Renaissance District. Lease with the principal tenant has been extended to mid-2008 - can be extended further. Lease for the last remaining space in progress.
- Adjacent to Public Parking Garage
- Convenient to Downtown Cincinnati & Interstate Highways
- Attractively Priced - 11.16 Percent Cap Rate
- Excellent 1031 Exchange Property

Located at 624 Madison Ave. & 19 East Pike St.
Between Madison Ave. & Scott St.

Highlights

  • Covington is immediately across from downtown Cincinnati.
  • Classic architecture.

Research

624 Madison Ave & 19 East Pike St, Covington, KY 41011 (Kenton County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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