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Building and Campground 38140 OH-7 10,780 SF 100% Leased Flex Building Newport, OH 45768 For Sale
Investment Highlights
- 6000 Vechiles pass daily
- 90-100 parking spots
- Campground site included
Executive Summary
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!
Property Facts
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Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
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Building and Campground | 38140 OH-7