38140 State Route 7, Newport, OH 45768

sale $599,000 | Commercial-Other

Listed By CENTURY 21 Full Service Realty

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!

Property Features

Age: Over 50 Years Old
Building Area: 0.00 SF
Cross Docks: N
For Auction: N
Heating Type: Forced Air
Lot Size In Text: 100187 Sq. Ft.
MLSID: 5237373
Parking Places: 0
Price Upon Request: N
Sewer: Public
Style: Other Style
Sublease: N
Taxes: $5484.00
Year Built: 1975