38140 State Route 7,Newport, OH 45768
Newport, OH 45768
Description
Ohio River Frontage & Excellent Investment Opportunity! This property offers incredible potential with approximately 6,000 vehicles passing by daily. The property includes the former Newport IGA building, featuring 10,780 GFA, a partial second floor with office space, and a new roof installed in November 2015. The possibilities are endless for the main building. Also included is a 1,020 GFA building currently leased to the Newport Post Office, with HVAC installed in 2019. The Post Office has entered into a new 5-year lease with the new owner. The property also includes a campground with 36 full-hookup sites. Currently, sites rent for $600 per month, with 10-20 sites typically rented during the summer and several year-round sites already booked. The current owner pays property taxes and insurance, including flood insurance, with the Post Office reimbursing its portion of the taxes. With Ohio River frontage, established rental income, commercial space, and multiple opportunities for future growth, this is a unique investment opportunity with tremendous potential!
Details
| MLS # | 5237373 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 44 |
| Listing Provided By | Century 21 Full Service, LLC. | Traci Fickiesen |
Features
| Acreage | 2.30 |
|---|---|
| Water Front | Yes |
Taxes
| Tax Annual Amount | 5484 |
|---|
Area Information
| State | OH |
|---|---|
| County | Washington |
| City | Newport |
| Zip Code | 45768 |
| Listing VS Median (in 45768) | |
Price: $599,000 low | high Med: $210,000 On site: 44 low | high Med: 45.5 | |
Market Activity 45768
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Learn More About This Property
| State | OH |
|---|---|
| County | Washington |
| City | Newport |
| Zip Code | 45768 |
| Listing VS Median (in 45768) | |
Price: $599,000 low | high Med: $210,000 On site: 44 low | high Med: 45.5 | |