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    38780 State Route 7 Newport, OH 45768

    Sponsored
    For Sale
    $750,000

    Multi-building retail opportunity, high visibility

    Property size:
    2,160 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property in Newport, OH, presents a unique investment opportunity encompassing multiple buildings on a one-acre lot. The main structure is a two-story, 1,936 square foot retail building featuring a workshop, bathroom, and a second-floor meeting room boasting large windows, natural light, and attractive hardwood floors. A walk-in cooler is also included. Attached to this is a 2,160 square foot garage with a 9'x9' overhead door, a bathroom, a 15'x14' lobby, and two additional offices (11'x15' and 10'x11'). A separate, 2,976 square foot single-story retail building offers significant expansion potential, easily adaptable for a different business due to its independent entrance. Further enhancing the property's versatility is a six-bay, 1,200 square foot storage building situated on a concrete pad. Outdoor amenities include a covered area suitable for a variety of uses (currently housing tables and a greenhouse needing roof repair), presenting possibilities for a flower shop, farmers market, or similar venture. The property also benefits from a large, 7,980 square foot unmarked parking lot conveniently located adjacent to the St. Mary's bridge exit, ensuring high visibility and accessibility. All existing merchandise, business name, display cases, and fixtures are included in the sale. This property offers a rare blend of established space and significant development potential.

    Property Features for 38780 State Route 7

    General Information

    Property type
    Retail properties
    Square Feet
    2,160 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2008
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Washington
    State
    Ohio
    Longitude
    -81.21777
    Latitude
    39.39003

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Multi-building retail opportunity, high visibility
    Where is this retail property located?
    The property is located at 38780 State Route 7 Newport, OH.
    What is the asking price?
    The asking price for this property is $750,000.
    (740) 374-7325
    Request Owner's contact information
    38780 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
    38780 State Route 7 Newport, OH 45768
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