115 Park Ave Newport, KY 41071

This exceptional mixed-use property, located at 115 Park Avenue Unit 115 in Newport, Kentucky, presents a unique investment opportunity. Situated on a generous 8789-square-foot lot within a designated riverfront development district, this property offers unparalleled potential for builders and developers. The existing four-bedroom home provides immediate income potential or a comfortable residence while development plans are underway. Enjoy breathtaking city views from this enviable location, just steps from the Ohio River. The property's prime location places you within easy walking distance of Newport on the Levee, providing convenient access to entertainment, dining, and shopping. Sports enthusiasts will appreciate the proximity to major sporting events, including Reds, Bengals, and Cyclones games. The home itself features a six-year-old roof, a spacious kitchen, a first-floor bedroom, a one-car garage, a newer hot water heater, and updated windows. Ample off-street parking is available, supplemented by free public parking directly across the street. This property's combination of existing structure, expansive lot size, and exceptional location makes it an ideal candidate for redevelopment or renovation, offering significant return on investment. The asking price is $259,500.