115 E 9th St - Restaurant FOR SALE


Newport, KY 41071
$450,000 USD
859-322-9859
115 E 9th St, Newport, KY for Sale
$450,000 USD
Restaurant - FOR SALE
1/23
null | Request Cap Rate

115 E 9th St
Newport, KY 41071


OVERVIEW

Prime mixed-use opportunity in Newport's Central Business District. Property features a restaurant space with beer garden and on-site parking. Ideal for restaurant/bar. The apartments on 2nd floor needs renovation, offering value added potential for rental income, Airbnb or owner-occupied use. Flexible layout allows for multiple concepts in a high-visibility, walkable location. Rare opportunity to invest, operate, and create additional income streams in the heart of Newport. Contents are negotiable, Liquor license can be transitioned to new owner. Currently operated as Webb's BBQ, open Fridays for lunch and dinner. Kitchen also used for catering. The property includes the lot on Dayton St. Possible facade grant through the City of Newport.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1878

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R-3

APN/PARCEL ID

999-99-04-407.00

ASK ABOUT THIS PROPERTY

Clayton HoranHoran Rosenhagen Real EstateMore Info
859-322-9859

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Clayton HoranHoran Rosenhagen Real EstateMore Info
859-322-9859

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