500 Monmouth Street, Newport, KY

Retail for Sale - $1,075,000 - 6,516 Sq. Ft.


Agent Info

Mike Bastin
Coldwell Banker Commercial Reliant Realty

Property Info

CIMLS#1153677
Location
  500 Monmouth Street
  Newport KY 41071
UpdatedJanuary 18th, 2024
TypeRetail
Price$1,075,000
Building6,516 Sq. Ft.

Property Description

500 Monmouth Street | 6,516 SF three (3) story mixed-use building at the SW corner of Monmouth St and 5th Street near several large-scale (and upcoming) development sites in Newport, KY. 1st Floor includes a beautifully maintained and appointed bar and restaurant. 2nd Floor consists of a secondary bar, event space, and reception room ideally suited for additional seating or private events. 3rd floor boasts panoramic views of the Riverfront and Downtown Cincinnati, which provides for untapped potential as a residential conversion or additional space for events and meetings. All FF&E included— full list available upon request.

This property offers a wide array of potential uses for redevelopment or end-users seeking to locate within a vibrant and walkable central business district—located in the heart of Newport within walking distance to the Ovation mixed-use development and MegaCorp Music Pavilion, a newly-restored and reimagined Newport on the Levee, Monmouth Row Apartments, among several others. Proposed development site next door (see above) would include a luxury Hotel, Parking Garage, and Mixed-Use building. Momentum for new development is continuing to bring new businesses and residents at an accelerated pace - bring your ideas to life and become a part of the exciting progress happening in Newport, KY!


Financials