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1002 Monmouth St 9,086 SF 100% Leased Office Building Newport, KY 41071 $550,000 ($60.53/SF)
Executive Summary
Redevelopment, Investment, or Owner-User Opportunity, positioned in the heart of Newport's thriving Monmouth Street corridor, 1002 Monmouth Street presents a rare opportunity to acquire a substantial commercial building with both immediate occupancy potential and long-term redevelopment upside. The approximately 9,086-square-foot property occupies a highly visible location surrounded by restaurants, retail, entertainment venues, and residential development, just minutes from downtown Cincinnati. The building's size, layout, and urban location create multiple paths to value, including continued commercial use, owner-occupancy, investment ownership, or potential adaptive reuse. Investors may wish to explore the feasibility of converting the property into multifamily apartments, mixed-use residential/commercial space, boutique hospitality, or other redevelopment concepts, subject to zoning and municipal approvals. Located within one of Northern Kentucky's most walkable and rapidly evolving urban districts, the property benefits from growing demand for urban housing and proximity to major employment centers throughout Greater Cincinnati.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
9,086 SF
Building Class
C
Year Built
1903
Price
$550,000
Price Per SF
$60.53
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,028 SF
Building FAR
2.09
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C - Commercial
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 999-99-32-189.00 | Improvements Assessment | $629,700 |
| Land Assessment | $25,000 | Total Assessment | $654,700 |
Property Taxes
Parcel Number
999-99-32-189.00
Land Assessment
$25,000
Improvements Assessment
$629,700
Total Assessment
$654,700
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