Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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