Commercial Real Estate for Sale at 38140 State Route 7 in Newport, OH for $599,000

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38140 State Route 7 | Newport

$599,000 | 0.0 Sq. Ft.

Ohio River Frontage \u0026 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\u201320 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! MLSNow 5237373 Directions to property: Take Rt 7 North to Newport. Located across the street from the Par Mar gas station in Newport.

MLS Listing ID: 
MLSNow 5237373
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$599,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Newport
Address: 
38140 State Route 7, Newport, OH 45768
County: 
Washington
Latitude: 
39.3883320
Longitude: 
-81.2294990
Directions: 
Take Rt 7 North to Newport. Located across the street from the Par Mar gas station in Newport.
Public Remarks: 
Ohio River Frontage \u0026 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\u201320 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!
Community Information
School District: 
Frontier LSD - 8403
Building Details
Details about the building on a property.
Year Built: 
1975
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
2.3
Lot Size (Area): 
2.3
Public Record
Parcel Number: 
2800-48424-000
Annual Tax: 
$5,484.00
Contract Details
Details about the listing contract.
Possession: 
Other
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Century 21 Full Service, LLC.

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