1002 Monmouth St - Office/Residential FOR SALE


Newport, KY 41071
$550,000 USD
859-578-7200
1002 Monmouth St, Newport, KY for Sale
$550,000 USD
Office/Residential - FOR SALE
1/41
null | Request Cap Rate

1002 Monmouth St
Newport, KY 41071


OVERVIEW

Redevelopment, Investment, or Owner-User Opportunity, positioned in the heart of Newport's thriving Monmouth Street corridor, 1002 Monmouth Street presents a rare opportunity to acquire a substantial commercial building with both immediate occupancy potential and long-term redevelopment upside. The approximately 9,086-square-foot property occupies a highly visible location surrounded by restaurants, retail, entertainment venues, and residential development, just minutes from downtown Cincinnati. The building's size, layout, and urban location create multiple paths to value, including continued commercial use, owner-occupancy, investment ownership, or potential adaptive reuse. Investors may wish to explore the feasibility of converting the property into multifamily apartments, mixed-use residential/commercial space, boutique hospitality, or other redevelopment concepts, subject to zoning and municipal approvals. Located within one of Northern Kentucky's most walkable and rapidly evolving urban districts, the property benefits from growing demand for urban housing and proximity to major employment centers throughout Greater Cincinnati.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C

APN/PARCEL ID

999-99-32-189.00

ASK ABOUT THIS PROPERTY

Mark PerkinsPivot Commercial GroupMore Info
859-578-7200

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Mark PerkinsPivot Commercial GroupMore Info
859-578-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.