Turnkey Asset w/Great Visibility in Newport, KY
Turnkey commercial building with modern systems and multi-tenant flexibility
Marketing description
Very strong investor asset. Turnkey, Low-CapEx Commercial Asset that's fully modernized & ADA-compliant 1st floor. 1019 Monmouth Street presents a rare opportunity to acquire a fully modernized, dual-level commercial building with virtually all major capital improvements already completed. Both the main floor and garden level were completely renovated, including new mechanical, electrical, and plumbing systems throughout, significantly reducing near-term and mid-term capital expenditure risk.
Electrical service has been upgraded to 400 amps with multiple 220V connections on both levels, allowing for flexible commercial, service, or light-use tenancy. Separate electrical metering further supports multi-tenant or mixed-use configurations. Plus, Cat 5 data wiring, and high-efficiency HVAC systems with new gas furnaces and rooftop condensers.
Major exterior and structural improvements include a new roof, gutters, masonry restoration, lintel repairs, drainage systems, and high-efficiency Pella Architect Series aluminum windows, offering long-term durability and energy efficiency. A professional sump pump and drain tile system protects the garden level, and ADA-compliant access on the upper level enhances usability and tenant appeal. Additional value drivers include a new rear 3-car concrete driveway, updated sidewalks, exterior safety lighting, and modern storefront visibility along the Monmouth Street corridor.
Investment highlights
Turnkey, Low-CapEx Asset — Comprehensive renovation completed with new mechanical, electrical, and plumbing systems throughout, minimizing near- and mid-term capital needs
Fully Modernized Dual-Level Layout — Renovated main floor and garden level support flexible commercial, service, or mixed-tenant configurations
400-Amp Electrical Service with multiple 220V connections on both levels, supporting a wide range of commercial uses
Separate Electrical Metering allows for multi-tenant or owner-user flexibility
ADA-Compliant First Floor enhances tenant usability and expands potential tenant pool
Major Structural & Exterior Improvements including new roof, gutters, masonry restoration, lintel repairs, and upgraded drainage systems
High-Efficiency Building Systems featuring new gas furnaces, rooftop condensers, and Cat 5 data wiring
Pella Architect Series Aluminum Windows provide long-term durability and energy efficiency
Protected Garden Level with professional sump pump and drain tile system
Strong Site Improvements including new 3-car concrete driveway, updated sidewalks, and exterior safety lighting
Prominent Monmouth Street Visibility with modern storefront presence along a well-traveled corridor
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
