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Executive Summary

The Spillman House is located on W 5th Street in Covington, KY. This three-story multi-tenant historic office building contains 25 striped and numbered parking spaces in an exclusive location. This offering is perfect for an owner occupant or investor who is interested in premier office space with parking in Covington. The location is fantastic with walkability to Mainstrasse, downtown, and of the new development around Covington. This offering is listed at a fraction of replacement cost and ownership has recently made over $150K in improvements including the box gutters, a new shingle roof and many new HVAC units.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,000 SF
Building Class
C
Year Built
1850
Price
$1,515,250 CAD
Price Per SF
$151.53 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
10’
Building FAR
0.57
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
office - TUR/HP
Parking
10 Spaces (1 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • High Ceilings
  • Partitioned Offices

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Administrative and Support Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Horizons HR Services is a privately held staffing and recruiting company based in Garfield Heights, Ohio. The firm provides workforce solutions, including temporary, temp-to-hire, and direct placements, for light industrial, clerical, manufacturing, call centers, and clinical roles. It operates through regional offices across multiple states, with key locations in Ohio, Michigan, and Texas. Horizons is led by Chief Revenue Officer Tim Regan and supported by an experienced executive team. Originally founded decades ago, the company adopted its current name in the early 1990s. Its approach emphasizes data-driven recruitment, performance analytics, and strategies to improve employee retention. Horizons maintains an active presence on professional networks and is recognized as part of One Point HR Solutions’ managed brands. The organization supports hiring operations across a broad geographic footprint under the Horizons HR Services name.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Administrative and Support Services - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Lower Level-Ste LC
  • 450 SF
  • Office
  • Partial Build-Out
  • Now

450 SF Small Office lease space available with two rooms, kitchenette, and restroom with on-site parking in an adjacent parking lot. Building is within walking distance of downtown Cincinnati, Mainstrasse, restaurants, shopping, Federal Courthouse. Property is near the former IRS redevelopment on 4th Street with plans to build Chase Law School, residential housing, restaurants and retail space. Proximity to I-75, I-471. Rent is $800 a month, MG. Tenants pay utilities, interior maintenance. This unit is vacant currently.

  • 2nd Fl-Ste 2C & 2R
  • 3,528 SF
  • Office
  • -
  • Now

Quiet professional office space available for lease in a central Covington location with an adjacent parking lot on site. Lease is $16/SF MG, no CAM. This offering includes the entire second floor of the rear building consisting of units 2C and 2R totaling approximately 3,528 SF. The space has been freshly painted and is ready for occupancy. This unit has many private offices, two conference rooms, a mezzanine with three additional private offices and two restrooms. Excellent location with walkability to Federal Courthouse, Mainstrasse area, shopping and dining, close proximity to Interstates, 4th Street re-development site and downtown Cincinnati.

Space Size Space Use Build-Out Available
Lower Level-Ste LC 450 SF Office Partial Build-Out Now
2nd Fl-Ste 2C & 2R 3,528 SF Office - Now

Lower Level-Ste LC

Size
450 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 2C & 2R

Size
3,528 SF
Space Use
Office
Build-Out
-
Available
Now

Lower Level-Ste LC

Size 450 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

450 SF Small Office lease space available with two rooms, kitchenette, and restroom with on-site parking in an adjacent parking lot. Building is within walking distance of downtown Cincinnati, Mainstrasse, restaurants, shopping, Federal Courthouse. Property is near the former IRS redevelopment on 4th Street with plans to build Chase Law School, residential housing, restaurants and retail space. Proximity to I-75, I-471. Rent is $800 a month, MG. Tenants pay utilities, interior maintenance. This unit is vacant currently.

2nd Fl-Ste 2C & 2R

Size 3,528 SF
Space Use Office
Build-Out -
Available Now

Quiet professional office space available for lease in a central Covington location with an adjacent parking lot on site. Lease is $16/SF MG, no CAM. This offering includes the entire second floor of the rear building consisting of units 2C and 2R totaling approximately 3,528 SF. The space has been freshly painted and is ready for occupancy. This unit has many private offices, two conference rooms, a mezzanine with three additional private offices and two restrooms. Excellent location with walkability to Federal Courthouse, Mainstrasse area, shopping and dining, close proximity to Interstates, 4th Street re-development site and downtown Cincinnati.

Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
054-21-17-023.00
Land Assessment
$274,000 CAD
Improvements Assessment
$794,600 CAD
Total Assessment
$1,068,600 CAD
  • Listing ID: 40194324

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 118 W 5th St, Covington, KY 41011

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