336 Monmouth St - Restaurant FOR SALE


Newport, KY 41071
$675,000 USD
336 Monmouth St, Newport, KY for Sale
$675,000 USD
Restaurant - FOR SALE
1/44
null | Request Cap Rate

336 Monmouth St
Newport, KY 41071


HIGHLIGHTS

  • Excellent visibility, 2 blocks to Newport on the Levee!
  • Use the whole building or separate first and second floors!
  • Lots of possible uses including restaurant, retail and office

OVERVIEW

High visibility and ADA accessible business property only 1.5 blocks from Newport on the Levee and right on Monmouth Street! Property was most recently a pizza place but could meet a variety of uses including restaurant, retail, professional and more. This historic 1883 brick structure is believed to be the 3rd oldest standing building in Newport but has been well maintained and updated throughout the years giving it the perfect blend of history and modern functionality. Inside you will find 2 stories above ground plus a basement. The basement houses HVAC, electric & plumbing and offers storage opportunities. The first and second floor are currently combined for a single user but can be easily separated into two units. If separated, the second floor could likely be used for either commercial or residential purposes. Outside you will find a fenced courtyard on a concrete slab. The building contains a free standing pizza oven and a walk in freezer that will convey with the property. Property is also available for lease at $18 per square foot per annum NNN. Estimated average daily traffic count of 8,791 at the curb. Call today and open your business in the thriving heart of Newport!

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1883

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commerical

APN/PARCEL ID

999-99-01-305.00

ASK ABOUT THIS PROPERTY

Andrew LohmillerLohmiller Real EstateMore Info

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Andrew LohmillerLohmiller Real EstateMore Info

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