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    38140 State Route 7 Newport, OH 45768

    For Sale
    $650,000

    Prime Riverfront Investment: High-Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property in Newport, OH, presents a unique investment opportunity. Situated on a 2.3-acre lot with Ohio River frontage, the property boasts a main building (10,780 square feet gross floor area) that formerly housed a grocery store, and a secondary building (1,020 square feet gross floor area) currently leased by the Newport Post Office. The main building features a new roof installed in November 2015 and offers a partial second floor suitable for office space. Potential uses include an antique mall, thrift store, or similar ventures. The Post Office lease is up for renewal, with the tenant expressing interest in a new 5-year lease with a new owner. The Post Office building received a new HVAC system in 2019. Additionally, a Harris Trailer Court, comprising 36 full-hookup RV sites, generates substantial rental income. Sites currently rent for $600 per month, with occupancy averaging 10-20 sites during summer months and year-round bookings. The property benefits from high daily traffic volume, with an estimated 6,000 cars passing by daily. The current owner covers insurance (including flood insurance) and property taxes

    Property Features for 38140 State Route 7

    General Information

    Property type
    Mixed-use properties
    Lot Size
    100,188 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Clothing Store Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Grocery Store HVAC Service Discount Store Convenience Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Washington
    State
    Ohio
    Longitude
    -81.2295
    Latitude
    39.38829

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Riverfront Investment: High-Traffic Location
    Where is this mixed-use property located?
    The property is located at 38140 State Route 7 Newport, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    (740) 374-7325
    Request Owner's contact information
    38140 State Route 7 Newport, OH 45768
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    Newport, OH 45768
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38140 State Route 7 Newport, OH 45768
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