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525 W 5th St
Covington, KY 41011
Fifth Street Center · Office Property For Sale
Executive Summary
Multitenant office building for sale. Potential for conversion to corporate headquarters, hotel, apartments, mixed-use.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
44,864 SF
Building Class
B
Year Built
1984
Price
$3,495,000
Price Per SF
$77.90
Cap Rate
8.50%
NOI
$297,075
Percent Leased
81%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,955 SF
Slab To Slab
10’
Building FAR
1.01
Lot Size
1.02 AC
Parking
120 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Property Manager on Site
Property Taxes
| Parcel Number | 040-43-08-001.00 | Improvements Assessment | $1,630,000 |
| Land Assessment | $1,020,000 | Total Assessment | $2,650,000 |
Property Taxes
Parcel Number
040-43-08-001.00
Land Assessment
$1,020,000
Improvements Assessment
$1,630,000
Total Assessment
$2,650,000
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