Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL7210 Turfway RoadFlorence, KY 41042
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DERRICK PLUNKETTCommercial Agent0: [email protected]
OFFERING SUMMARY
SALE PRICE: $890,000
NUMBER OF UNITS: 9
CAP RATE: 6.58%
NOI: $58,542
LOT SIZE: 0.08 Acres
YEAR BUILT: 1908
BUILDING SIZE: 13,226 SF
RENOVATED: 2018
ZONING: CBD
MARKET:Covington / Newport /
Northern KY
SUBMARKET: Newport
PRICE / SF: $67.29
PROPERTY OVERVIEWKW Commercial is proud to present this dual usage property. This building in inthe heart of Newport in the midst of the heavy retail corridor. The building hasbeen recently updated with a full facia upgrade. The building has been wellmaintained. The property is 100% Occupied. Property has three (3) retail spaceson the ground floor accessing the heavy Newport walk traffic. The second floorcontains 6 multifamily residential spaces. all units are in great condition and rentextremely fast. The units are larger in size compared to the typical rental space inthe area. We feel there is a value add to a buyer as the residential rental units areunderpriced. The top floor is open penthouse space that can be used for manydifferent opportunities. We feel that additional multi family or professional officespace will be the best fit yet your new concept may be just the ticket that drawsthe Newport crowds.
PROPERTY HIGHLIGHTS• -100% occupied
• -Great location
• -Phenomenal Walk Traffic
• -Well Maintained
• -Dual Usage property
736-738 Monmouth Street , Newport, KY 41071
FLO-RIDA BUILDING
FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL7210 Turfway RoadFlorence, KY 41042
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DERRICK PLUNKETTCommercial Agent0: [email protected]
736-738 Monmouth Street , Newport, KY 41071
FLO-RIDA BUILDING
MULTIFAMILY FOR SALE
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL7210 Turfway RoadFlorence, KY 41042
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DERRICK PLUNKETTCommercial Agent0: [email protected]
736-738 Monmouth Street , Newport, KY 41071
FLO-RIDA BUILDING
MULTIFAMILY FOR SALE
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