Bar & Pub
120 3rd St, Newport, KY 41071
For Sale
Contact for pricing
The property contains a substantial interior footprint for bar and pub use.
Property Size26,000 SF
Price / SF$1.00
Days on Market49
Property Features for 120 3rd St
General Information
Standard status
Size
Property subtype
Listing Agency:
Cincinnati
Listed By:
Sloane Nichols · License KY #2015003331
(513) 562-2239
Source:
Colliers
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 6 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cincinnati
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Investment Insights
Based on property information with market context.
This bar and pub property offers 26,000 square feet of space. It is located at 120 3rd St in Newport, Kentucky.
Key Highlights
- 26,000 square feet of property space
- Located at 120 3rd St in Newport, KY 41071
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,065
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,201,300
$6.2M
Cap Rate 7%
$4,429,500
$4.4M
Cap Rate 9%
$3,445,167
$3.4M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$427.4K $16.44/SF
− Vacancy
−$14.0K −$0.54/SF
EGI
$413.4K $15.90/SF
− OpEx
−$103.4K −$3.98/SF
NOI
$310.1K $11.93/SF
Area
Campbell County, KY
Vacancy
3.28%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,201,300
Cap Rate 7%
$4,429,500
Cap Rate 9%
$3,445,167
Alternative Uses
Best Use
Specialty Retail
$4.43M
$3.88M – $5.17M
NOI $310,065 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $499,200 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
99k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 7%
Hotels & Casinos 6%
Brio Italian Grille
Dining
25,275 visits/mo
0.1 miles
Cold Stone Creamery
Dining
23,002 visits/mo
0.2 miles
White Castle
Dining
14,242 visits/mo
0.3 miles
Tom + Chee
Dining
13,246 visits/mo
0.2 miles
Hooters
Dining
6,378 visits/mo
0.3 miles
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Diamond Debbies — 717 Patterson St, Newport, KY 41071
- Sheena's Cafe Llc — 802 Isabella St, Newport, KY 41071
- T C Cafe — 1002 Columbia St, Newport, KY 41071
- BAR “W — 846 Central Ave, Newport, KY 41071
- Blinkers Tavern — 318 Greenup St, Covington, KY 41011
Frequently Asked Questions
What type of property is this?
Bar & Pub - The property contains a substantial interior footprint for bar and pub use.
Where is this bar & pub located?
The property is located at 120 3rd St Newport, KY.
What are key features of this property?
This property features: 26,000 square feet of property space; Located at 120 3rd St in Newport, KY 41071
