57 2nd St Newport, PA 17074-1502
This exceptional mixed-use property at 57 N 2nd Street, Newport, PA, presents a unique investment opportunity. Built in the 1830s, this 8,276 square foot building sits on a 0.19-acre lot and offers a blend of residential and commercial potential. Currently configured with one completed 1-bedroom residential unit featuring a private kitchen and bath, the property also includes space for up to three additional residential units on the second and third floors. The layout is adaptable and could easily accommodate a bed and breakfast, Airbnb, or other multi-family residential use. Two commercial spaces are also available, perfect for retail or a restaurant. The sale includes a liquor license and numerous recently purchased pieces of restaurant equipment, along with a fully furnished bar. Architectural drawings are available upon request. The property has recently undergone an inspection of the grille hood. Please note that the buyer is responsible for all costs associated with obtaining any necessary zoning, code, and engineering permits. The seller is willing to consider financing options. This is a rare chance to acquire a piece of Newport's history and create a thriving business or residential complex. Priced at $629,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PCBD · Newport, PACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.