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$599,000 USD
38140 State Route 7
Newport, Ohio 45768
USA
Newport, Ohio 45768
USA
Commercial for Sale, Other Commercial Property
Land size: 0.93 ha ::
2.3 acres
Sale price per sqm: 0
Tax: 5,484 USD
Remarks:
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!
Features:
- Year Built: 1975
- Building age: Over 50 years old
- Utilities: Public Sewer
- Heating System: Forced Air
Location:
38140 State Route 7, Newport, Ohio 45768, USA
Listed By CENTURY 21 Full Service Realty
The Commercial for Sale, Other Commercial Property located at 38140 State Route 7, Newport, Ohio 45768, USA is currently for sale. 38140 State Route 7, Newport, Ohio 45768, USA is listed for $599,000 USD. If the property located at 38140 State Route 7, Newport, Ohio 45768, USA isn't what you're looking for, search Ohio Real Estate to see other Commercial For Sale in Newport.
