794 S 4Th Street

This is an auction property! The auction will take place live at the property on Tuesday, October 14th @ 6:30pm. The price listed is not in any way the sale price and being an auction the property may sell for less or may sell for more on auction day. Situated on approximately 2.75 acres at the corner of S. 4th Street & Gravel Hill Road this multi unit property offers many possibilities. The large commercial building, the former shop of Harry Fahnestock, offers 7,000+ square ft. in multiple rooms and ceiling heights. There are three overhead doors, and three man doors. Shop has 200 amp electric service. In this building, there are also three income producing apartments(Two 1 bedroom, and one 3 bedroom). The current rents are far under market. Current lease requires 60 days notice if new owners do not renew the lease. There is also a separate 3 bedroom single family home included, currently rented. All of the property is serviced by a common well. Public water and sewer is available. Interested parties should contact Newport sewer and water offices to see what would be allowed. Anyone interested in this opportunity is strongly encouraged to come to one of the open house times and make your plans. Open house dates are: Sunday, September 28th from 1:00 - 3:00 PM and Sunday, October 5th from 1:00 - 3:00 PM. Buyer pays 1% Transfer Tax.