$675,000 401 Park Avenue Newport, KY

MLS: 501310   Type: Commercial   County: Campbell   City: Newport   Neighborhood: Newport   Zip: 41071   Style: Commercial     Stories: 3

Mortgage $3,169 /mo



Half Baths

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This 5,550 s.f. building in Mansion Hill makes an impressive statement to any client. Known as the George Wiedemann, Jr. house, certified historic by Kentucky Heritage Commission. For sale: the rights to a perpetual land lease with an annual payment of $7,850 until 2054, and then $1,200 annual thereafter. Since land is owned by a church, no property tax is paid by the owner of the land lease.

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Price History

2/3/2017 Listed $1,250,000
5/2/2017 24% - $950,000
7/31/2017 11% - $850,000
5/31/2018 21% - $675,000

Business Only 1
Construction Brick
Easements Of Record
Listing Area Newport
New Construction No
Office 5550
Property Condition No
Property For Lease 0
Sic Newport
Suburb Newport
Virtual Tour Url https://vimeo.com/171776066
Zoning Residential

Interior Features

Basement Type Full
Cooling Central Air
Flooring Tile, Wood
Gas Natural
Heating Forced Air

Exterior Features

Access Roads Public
Foundation Poured
Lot Dimensions 1x1
Lot Size Area 0.57
Lot Square Footage 24829.2
Roof Shingle
Sewer Public
Total Buildings 1
Water Source Public

Property Schools

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Gallery (30 photos)

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Property vs Zip Code Avg (41071)

Price 675K Avg 447K

Sqr Feet 5,112 Avg 3,652

Cost / Sqr Ft $132 Avg $122

Acres 0.57 Avg 0.89

Visits 111 Avg 88

Days on Site 839 Avg 295

Walkscore® 78 Avg 68

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Listing Provided Courtesy Of: Ken Perry Realty

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Location & Address

Home Advantage Concepts, LLC
7000 Houston Rd STE 39
Florence, KY