401 Park Ave - Office FOR SALE


Newport, KY 41071
$1,499,000 USD
859-578-7200
401 Park Ave, Newport, KY for Sale
$1,499,000 USD
Office - FOR SALE
1/49
null | Request Cap Rate

401 Park Ave
Newport, KY 41071


OVERVIEW

Welcome to the Historic George Wiedemann, Jr. Mansion! This architectural gem sits on a landscaped corner lot in Newport's East Row Historic District! Built in 1899 by a prominent Beer Baron family, this Colonial Revival brick mansion offers a rare chance to own a piece of Newport history. Step inside of 401 Park and be captivated by the impressive details and craftsmanship that have been meticulously restored. Guests are greeted by an impressive central hall with a sweeping tiger oak staircase, highlighted by impressive stained-glass windows on its curved landing. The home features 8 unique fireplaces, carved wood paneling, built-ins, pocket doors, and inlaid flooring of varying types of wood. Currently used as office and co-working space, the mansion blends historic charm with modern functionality. With over 4,800 square feet across three floors, the property can accommodate various uses. Modern updates, mechanical systems, and HVAC ensure comfort and convenience. The exterior features 46 parking spaces, ideal for clients, customers, or special events. Located blocks from I-471 and downtown, this property offers historical significance and prime accessibility. Occupancy is negotiable as current tenant would be willing to entertain leasing property.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

Commercial

APN/PARCEL ID

999-99-35-477.01

ASK ABOUT THIS PROPERTY

Mark PerkinsPivot Commercial GroupMore Info
859-578-7200

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Mark PerkinsPivot Commercial GroupMore Info
859-578-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.