38
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$599,000
Est. payment /mo
2.3 Acres Lot
Active
38140 State Route 7 Newport, OH 45768
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5237373
HOA Y/N No
Year Built 1975
Annual Tax Amount $5,484
Tax Year 2025
Lot Size 2.300 Acres
Acres 2.3
Property Sub-Type Mixed Use
Property Description
Ohio River Frontage & Excellent Investment Opportunity! This property offers incredible potential with approximately 6,000 vehicles passing by daily. The property includes the former Newport IGA building, featuring 10,780 GFA, a partial second floor with office space, and a new roof installed in November 2015. The possibilities are endless for the main building. Also included is a 1,020 GFA building currently leased to the Newport Post Office, with HVAC installed in 2019. The Post Office has entered into a new 5-year lease with the new owner. The property also includes a campground with 36 full-hookup sites. Currently, sites rent for $600 per month, with 10–20 sites typically rented during the summer and several year-round sites already booked. The current owner pays property taxes and insurance, including flood insurance, with the Post Office reimbursing its portion of the taxes. With Ohio River frontage, established rental income, commercial space, and multiple opportunities for future growth, this is a unique investment opportunity with tremendous potential!
Location
State OH
County Washington
Interior
Heating Forced Air, Gas
Fireplace No
Building
Sewer Public Sewer
Schools
School District Frontier Lsd - 8403
Others
Tax ID 2800-48424-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Traci Fickiesen • Century 21 Full Service, LLC. • 740-374-8900, c21mariettaoh@gmail.com
NEARBY SCHOOL & BUSINESS
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