401 Park AveNewport, KY 41071

Property Details for 401 Park Ave

Year built

1880

Lot size

0.57 AC

Property size (Sq ft)

4,868 SF

Property type

Other commercial real estate

APN

999-99-35-477.01

APU

999993547701

Description

This stunning 1899 Colonial Revival mansion, located in Newport, KY's East Row Historic District, presents a unique investment opportunity. The meticulously restored 4,800+ square foot building, formerly the George Wiedemann, Jr. Mansion, boasts exceptional architectural details including a grand central hall with a sweeping tiger oak staircase and impressive stained-glass windows. Eight unique fireplaces, carved wood paneling, built-in cabinetry, pocket doors, and inlaid wood flooring throughout showcase the home's rich history. Currently configured as office/co-working space, the property's versatile layout allows for various uses. Modern updates, including HVAC and mechanical systems, ensure comfort and functionality. The expansive 0.57-acre corner lot provides ample space and includes 46 parking spaces, a significant advantage for clients or events. Situated just blocks from I-471 and the downtown area, this property offers both historical significance and unparalleled accessibility. The property's blend of historic charm and modern amenities makes it an exceptional investment in a highly desirable location. This is a truly remarkable property with significant potential.

• Alternative Use

  Use

  Valuation

  Residential

  $553,045

  Hospitality

  $506,586

  Educational

  $421,474

  Medical

  $435,969

  Retail

  $655,626

Location Insight

City

Newport

County

Campbell

State

Kentucky

Latitude

39.0958

Longitude

-84.4894

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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