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115 E 9th St 4,206 SF Retail Building Newport, KY 41071 $450,000 ($106.99/SF)
Executive Summary
Prime mixed-use opportunity in Newport's Central Business District. Property features a restaurant space with beer garden and on-site parking. Ideal for restaurant/bar. The apartments on 2nd floor needs renovation, offering value added potential for rental income, Airbnb or owner-occupied use. Flexible layout allows for multiple concepts in a high-visibility, walkable location. Rare opportunity to invest, operate, and create additional income streams in the heart of Newport. Contents are negotiable, Liquor license can be transitioned to new owner. Currently operated as Webb's BBQ, open Fridays for lunch and dinner. Kitchen also used for catering. The property includes the lot on Dayton St. Possible facade grant through the City of Newport.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,206 SF
Building Class
C
Year Built
1878
Price
$450,000
Price Per SF
$106.99
Tenancy
Single
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
R-3
Frontage
34’ on 9th St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Webb's Bbq
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Webb's Bbq | Accommodation and Food Services | - | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 999-99-04-407.00 | Improvements Assessment | $228,800 |
| Land Assessment | $25,000 | Total Assessment | $253,800 |
Property Taxes
Parcel Number
999-99-04-407.00
Land Assessment
$25,000
Improvements Assessment
$228,800
Total Assessment
$253,800
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Presented by
Horan Rosenhagen Real Estate
115 E 9th St
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