2002 Madison Ave Covington, KY 41014

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.