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38140 State Route 7 Newport, OH $ 650,000
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$ 650,000 Get more info
38140 State Route 7
$ 650,000
Back to search
Share Save

38140 State Route 7

Newport, OH, 45768
$ 650,000
Baths0.0

Monthly Estimate*

$ 4,540

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Studio

Commercial Property for sale in Newport, OH

for $650,000. This building was built in 1975 on a lot size of 2.3.

Ohio River Frontage - Property includes the building that once was the Newport IGA and a back building currently leased by the Newport Post Office and Harris Trailer Court. Building GFA is 10,780, post office GFA 1020. Main building has a new roof November 2015. Lots of potential in this space that also offers a partial 2nd floor with office space - think antique mall, 2nd hand store, etc. Post office is up for renewal and wishes to sign a new 5 year lease with new owner, HVAC 2019 in post office portion. Current owner pays for insurance including flood and taxes. Post office reimburses for portion of taxes. Campground offers full hook up, 36 sites that rent currently for $600.00 per month. Average site rental in the summer is 10 to 20. Currently has year round sites booked. 6000 cars pass thru here daily. Great investment opportunity, first time offered on the market.

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Commercial Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,812

Style

Lot Size

2.3

Year Built

1975

Town/City

Newport

County/Region

Washington

MLS | Web ID

5015342
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Possession DeliveryOfDeed
Year Built 1975
Township Newport Twp
Property SubType MixedUse
Tax Year 2023
Current Use MixedUse Other Recreational
Business Type Other Recreation Rental
Additional Parcels Description 280048424001 280048452000 280048456000 280051592000
County Washington
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions From the intersection of Acme and State Route 7 go approximately 14.4 miles to property on right. Located across the street from the Par Mar gas station in Newport.
City Newport
Buyer Agent Compensation 3
View Y/N N
Senior Community Y/N N
High School District Frontier LSD - 8403
Waterfront Y/N Y
Carport Y/N N
Street Name State Route 7
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2812.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Standard Status Active
Occupancy Description Vacant
Middle/Junior School District Frontier LSD - 8403
Elementary School District Frontier LSD - 8403
Property Sub Type Additional MixedUse
Buyer Agent Compensation Type Item1
Legal Description R6 T1 S27 .11 AC -SEE 28-48424.001 FOR PORTION BLDG
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Exterior
Parking Features ParkingLot
Water Source Public
Lot Size Area 2.3
Spa N
Lot Size Acres 2.3
Lot Size Units Acres
Lot Size Source Appraiser
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Internal Only
Street Number 1 38140
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* Excluded Features
List By
Traci D Strahler Chichester

Listing Agent

Advantage Real Estate

Broker

soldbytraci@gmail.com

Email

Affordability Calculator

$4,775
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,540
Monthly Property Taxes
$234
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457438 Elementary School
4457445 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2024$650,000 Listed Price

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38140 State Route 7, Newport, OH, 45768 is a Commercial Property for sale at $650,000 with a lot size of 2.3. 38140 State Route 7 is a studio with 0.0 baths and was built in 1975. The property's zip code is 45768 which is in Newport, OH

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