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336 Monmouth St 2,258 SF Vacant Retail Building Newport, KY 41071 $675,000 ($298.94/SF)
INVESTMENT HIGHLIGHTS
- Excellent visibility, 2 blocks to Newport on the Levee!
- Lots of possible uses including restaurant, retail and office
- Use the whole building or separate first and second floors!
EXECUTIVE SUMMARY
High visibility and ADA accessible business property only 1.5 blocks from Newport on the Levee and right on Monmouth Street! Property was most recently a pizza place but could meet a variety of uses including restaurant, retail, professional and more. This historic 1883 brick structure is believed to be the 3rd oldest standing building in Newport but has been well maintained and updated throughout the years giving it the perfect blend of history and modern functionality. Inside you will find 2 stories above ground plus a basement. The basement houses HVAC, electric & plumbing and offers storage opportunities. The first and second floor are currently combined for a single user but can be easily separated into two units. If separated, the second floor could likely be used for either commercial or residential purposes. Outside you will find a fenced courtyard on a concrete slab. The building contains a free standing pizza oven and a walk in freezer that will convey with the property. Property is also available for lease at $18 per square foot per annum NNN. Estimated average daily traffic count of 8,791 at the curb. Call today and open your business in the thriving heart of Newport!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,258 SF
Building Class
C
Year Built
1883
Price
$675,000
Price Per SF
$298.94
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.06 AC
Zoning
Commerical - Commercial - general business, office, or retail. Last use was a resturant.
Frontage
31’ on Monmouth St
AMENITIES
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 999-99-01-305.00 | Improvements Assessment | $520,000 |
| Land Assessment | $30,000 | Total Assessment | $550,000 |
PROPERTY TAXES
Parcel Number
999-99-01-305.00
Land Assessment
$30,000
Improvements Assessment
$520,000
Total Assessment
$550,000
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336 Monmouth St
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