38140 State Route 7, Newport, OH

Name: 38140 State Route 7, For Sale in Newport - Zoocasa
Brand: Century 21 Full Service, LLC.
SKU: 5237373
Price: 599000 USD

House

For Sale

Listed price in listed location currency (USD).

$599,000

000

MLS® 5237373

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes $5,484

Days Active 11

Lot Size 2.3 Acres

Approx. Age 1975

MLS® Number 5237373

Property Address: 38140 State Route 7, Newport, OH, 45768-5301

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number5237373

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1975

Basement

Driveway

Garage Spaces

HeatForced Air, Gas

A/C

Extras

Map

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