740-516-6121
38140 OH-7, Newport, OH for Sale
Showroom - FOR SALE
1/39
null | Request Cap Rate

38140 OH-7
Newport, OH 45768


HIGHLIGHTS

  • 6000 Vechiles pass daily
  • Campground site included
  • 90-100 parking spots

OVERVIEW

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!

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building and Campground

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Convenience Store, Loft/Creative Space, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.99

LAND SF

130,336

ZONING

-

APN/PARCEL ID

2800-47176-000,2800-48404-000,2800-48412-000,2800-48416-000,2800-48420-000,2800-48424-000,2800-48424-001,2800-48428-000,2800-48432-000,2800-48436-000,2800-48440-000,2800-48452-000,2800-48456-000,2800-51592-000

ASK ABOUT THIS PROPERTY

Traci FickiesenCentury 21 Full Service RealtyMore Info
740-516-6121

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Traci FickiesenCentury 21 Full Service RealtyMore Info
740-516-6121

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