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Storefront with Four Apartments
For Sale
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Pending

402 Thornton Street, Newport, KY 41071

Storefront is served by central air, with four apartments each having separate furnaces.

Property SizeContact for details
Days on Market128

Property Features for 402 Thornton Street

General Information

Standard status Pending
Property subtype Retail, Multifamily
Listing Agency: Huff Realty Fort Mitchell
Listed By: Bruce Shay · License #KY 70787
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 14 at 6:10AM

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 Huff Realty Fort Mitchell

Investment Insights

Based on property information with market context.

This property combines a long-running storefront with four residential apartments. The store has central air, while each of the four apartments is equipped with its own separate furnace. The current owner has owned the property since 1986, and the business has been in operation for approximately 100 years.

Located at 402 Thornton Street in Newport, KY 41071, the building provides a mixed-use setup with commercial space on the storefront level and apartments within the same structure.

The owner pays all utilities, and the configuration supports multiple income streams within one property: one centrally cooled commercial space and four separately heated apartments.

Key Highlights

  • Store has been in business for about 100 years; current owner has owned since 1986
  • Retail storefront served by central air
  • Four apartments on‑site, each with a separate furnace

Property Analytics

Current Use

Full of Bologna - Former ... Grocery & Convenience Store Amazon Hub Counter ... Courier Service

Suggested Use

Top Pick Acupuncture (Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home Home Appliance Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,026
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Similar Off Market Nearby

  • Marti Heard Designs 902 Saratoga St, Newport, KY 41071

Frequently Asked Questions

What type of property is this?
Storefront property - Storefront is served by central air, with four apartments each having separate furnaces.
Where is this storefront property located?
The property is located at 402 Thornton Street Newport, KY.
What are key features of this property?
This property features: Store has been in business for about 100 years; current owner has owned since 1986; Retail storefront served by central air; Four apartments on‑site, each with a separate furnace
More about this property
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