401 Park Ave
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401 Park Ave
5,550 SF Office Building Newport, KY 41071 £1,175,831 (£212/SF)
Executive Summary
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.
Occupancy is negotiable as current tenant would be willing to entertain leasing property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,550 SF
Building Class
C
Year Built
1899
Price
£1,175,831
Price Per SF
£212
Tenancy
Single
Number of Floors
3
Typical Floor Size
2,027 SF
Building FAR
0.21
Land Acres
0.62 AC
Zoning
Commercial - Non Conform
Parking
46 Spaces (9.45 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
Parcel Number | 999-99-35-477.01 | Improvements Assessment | £431,425 |
Land Assessment | £196,102 | Total Assessment | £627,528 |
PROPERTY TAXES
Parcel Number
999-99-35-477.01
Land Assessment
£196,102
Improvements Assessment
£431,425
Total Assessment
£627,528
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401 Park Ave
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