508 Madison Avenue Covington, KY ^$ 540,000

508 Madison Avenue

^$ 540,000

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508 Madison Avenue

Covington, KY, 41011

^$ 540,000

Bedrooms-- Baths-- Sq 3,200

Monthly Estimate*

^$ 3,410

508 Madison Avenue, Covington, KY 41011 - Image 1

508 Madison Avenue, Covington, KY 41011 - Image 2

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508 Madison Avenue, Covington, KY 41011 - Image 5

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508 Madison Avenue, Covington, KY 41011 - Image 7

508 Madison Avenue, Covington, KY 41011 - Image 8

508 Madison Avenue, Covington, KY 41011 - Image 9

508 Madison Avenue, Covington, KY 41011 - Image 10

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508 Madison Avenue, Covington, KY 41011 - Image 12

508 Madison Avenue, Covington, KY 41011 - Image 13

Commercial Property for sale in Covington, KY

for $540,000. This 3,200 square foot building was built on a lot size of 0.07.

Wonderful 3200 sqft, brick 2-story commercial/investment opportunity!! 1st-floor rented to popular Wabi Sabi Sushi bar (current rent is $3000/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.

Commercial Active

Price

^$ 540,000

Property Type

Commercial

Taxes

^$ 0

Style

Mixed Use

Lot Size

0.07

Town/City

Covington

County/Region

Kenton

MLS | Web ID

626252

Features

General

Living Area 3200

Sewer Public Sewer

Heating Natural Gas Forced Air

Cooling See Remarks Central Air Multi Units

Utilities Natural Gas Available

Roof Membrane

Security Features Security System

Construction Materials Brick

Year Built 0

Tenant Pays All Utilities Insurance Interior Maintenance Trash Collection

View City

Levels Two

Property Subtype Mixed Use

Gross Income 32400

Business Type Apartments Restaurant

County Kenton

New Construction false

Property Type Commercial Sale

Attached Garage false

Status Active

Directions Madison Pike to Madison Avenue or W 5th Street to Covington/Newport to Madison Avenue

City Covington

Zoning Description Business

MLS Area K01 - Covington North

Lot Size Units Acres

Lot Size Square Feet 2997

Property Condition Existing Structure

MLS Area Minor K01 - Covington North

Living Area Units Square Feet

Standard Status Active

Ownership Type LLC

Interior

Basement Partial

Flooring Wood

Air Conditioning Y/N true

Heating Y/N true

Window Features Picture Window(s)

Total Baths 0

Exterior

Exterior Amenities Lighting Curbs Sidewalks

Parking Features Assigned On Street

Water Source Public

Lot Size Area 0.07

Foundation Details Stone

Building Area Total 0

Lot Dimensions 27.5 x 115

Lot Size Acres 0.07

Road Surface Type Paved

Lot Size Source Realist

Road Frontage Type City Street

* Excluded Features

List By

Comey & Shepherd, Realtors

Broker

Ed.Ferrall@gmail.com

Affordability Calculator

$3,410

Per Month

Monthly Principal & Interest: $3,410
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Covington, KY

Average List Price ^$564,100

Percent of Sale Price 4%

About Covington, KY

41,769 Population

-4% Since 2002

^$40,250 Median Income

37.49 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/29/2026	$540,000		Listed Price

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508 Madison Avenue, Covington, KY, 41011 is a Commercial Property for sale at $540,000 with 3,200 sqft and a lot size of 0.07. The property's zip code is 41011 which is in Covington, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Northern KY Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern KY Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 8/8/2026.

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508 Madison Avenue

Commercial Property for sale in Covington, KY

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