Date
Details
Price
Change
Source
9/06/2024
Listed
$540,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/13
$540,000
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1/13
Property Description
Wonderful 3200 sqft, brick 2-story commercial/investment opportunity!! 1st-floor rented to popular Wabi Sabi Sushi bar (current rent is $2700/month). Bar & back shelving included. Hood, alarm, outside patio/seating & walk-in cooler. 2 basement areas; 1 tenant storage. 2 rooftop A/C's - 1 is new. Rubber roof 5 years old. 2 assigned, rear parking spots. 2nd-floor gutted to studs - has water & electric. Will need complete rehab. Historic district! AS-IS! Buyer to verify all use & restrictions. No liquor license included.
Full Property Details
Full Property Details for 508 Madison Ave
General
- Price: $540,000
- Status: Active
- Type: Commercial Residential Facility
- Source: Northern_Kentucky
- MLS ID: 626252
- Updated: 3/18/2025
- Added to Site: 532 day(s) ago
Business
- Business Type: Apartments, Restaurant
Interior
- Flooring: Wood
Additional Information
- Security/Safety: Security System
Exterior
- Exterior Features: Lighting, Curbs, Sidewalks
Parking
- Parking Features: Assigned, On Street
Location
- County: Kenton
- Driving Directions: Madison Pike to Madison Avenue or W 5th Street to Covington/Newport to Madison Avenue
Community
- Community Name: K01 - Covington North
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: See Remarks, Central Air Conditioning, Multi Units
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement Desc.: Partial
- Roof: Membrane
- Windows: Picture Window(s)
- Square Feet: 3,200
- Living Area: 3,200 Sq. Ft.
- Property Condition: Existing Structure
Lot Features
- Property View: City
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 2,997
- Lot Size: .07
- Lot Size Source: Realist
- Lot Dimensions: 27.5 x 115
- Frontage: City Street, Paved
- Zoning: Business
Disclosures and Reports
- Property ID: 054-23-05-025.00
Listed by Comey & Shepherd, REALTORS, Ed Ferrall
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Listing agent
— 508 Madison Ave —
Ed Ferrall
Comey & Shepherd, REALTORS
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 508 Madison Ave
School District:Covington Independent School District
| Name | Grades | Distance |
|---|---|---|
Holmes High School 25th and Madison Ave, Covington, KY 41014 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 Madison Ave
Tax History
Tax History for 508 Madison Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,451
1%
$185,000
—
2024
$2,433
-1%
$185,000
—
2023
$2,464
1%
$185,000
—
2022
$2,444
-25%
$185,000
—
2021
$3,257
-1%
$185,000
—
2018
$3,278
6%
$185,000
9%
2017
$3,087
15%
$170,000
—
2016
$2,679
-1%
$170,000
—
2015
$2,699
-1%
$170,000
—
2014
$2,735
-15%
$170,000
-8%
2019
$3,218
16%
$185,000
9%
2013
$2,770
—
$170,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 Madison Ave
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 1Total Bath
- 1,276Sq. Ft.
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- Single Family
- Active
- Updated 1 hour ago
- 3Beds
- 2Total Baths
- 1,950Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,886Sq. Ft.
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- Single Family
- Closed
- 2Beds
- 2Total Baths
- 2,418Sq. Ft.
Co-Sold by Oyler Hines
508 Madison Avenue, Covington, KY 41011 (MLS# 626252) is a Commercial Residential Facility property. 508 Madison Avenue is currently listed for $540,000 and was received on September 06, 2024. Want to learn more about 508 Madison Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Covington? You can browse all Covington real estate or contact a Coldwell Banker agent to request more information.