28800 US 32, South Shore, KY 41175 (MLS# 20020258)

28800 US 32, South Shore, KY 41175

$708,880

Property Type: Commercial Sale Lot Size (sq. ft.): 226,948 Status: Closed

Current Price: $708,880 List Date: 9/30/2020 Last Modified: 9/03/2025

Overview

Description

Section 42, LIHTC with extended agreement in place. Investment opportunity with lower than market rents. 18 Unit Townhomes with 12-2/1.5 and 6-3/1.5. Each unit has 1000+ Sq/Ft with washer/dryer hookups, outside concrete patio and enclosed storage area. Office area and playground on location. Great location and just 6 miles to Portsmouth, Southern Ohio Medical Center (222 beds) and Shawnee State University. Location near the Ohio River makes the location desirable to industries. This property connects to the local Elementary school and just across the road is the Middle School.

Listing Details MLS# 20020258

Status Change Information

Status Change Timestamp: 2020-12-11
Purchase Contract Date: 2020-10-09
Close Date: 2020-12-10
Close Price: 708880
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: N/A

Address

County: Greenup
Street Number: 28800
Street Name: US 32
State: KY
Zip Code: 41175

Contract

Original List Price: 800000
Start Showing Date: 2020-09-30
Listing Contract Date: 2020-09-30
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
SP/LP: 0.83

Tax Legal

MLS Area Major: 079 - Greenup County
Subdivision Name: Commercial

Parking Information

Parking Total: 55

Building

Year Built: 1997
Stories Total: 2

More Information

Lot

Lot Size Acres: 5.21
Lot Size Square Feet: 226947.81

Utilities

Cooling YN: Yes
Electricity Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Section 42, LIHTC with extended agreement in place. Investment opportunity with lower than market rents. 18 Unit Townhomes with 12-2/1.5 and 6-3/1.5. Each unit has 1000+ Sq/Ft with washer/dryer hookups, outside concrete patio and enclosed storage area. Office area and playground on location. Great location and just 6 miles to Portsmouth, Southern Ohio Medical Center (222 beds) and Shawnee State University. Location near the Ohio River makes the location desirable to industries. This property connects to the local Elementary school and just across the road is the Middle School.

Showing Information

Showing Instructions: Call listing agent at 606-356-8518

Tax & Legal

Tax Rate: 1.57
Zoning Description: Commercial
Directions: I-64 E from Flemingsburg Rd, Follow I-64 E to KY-67 N/Industrial Pkwy in Rush. Exit 179 from I-64 East, approx 42 miles. Follow KY-67 N/Industrial Pkwy and US-23 N.

Construction Materials

Block: Yes
Wood Siding: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Roof

Shingle: Yes

Special Listing Conditions

Standard: Yes

Business Type

Other: Yes

Ceiling

Drywall: Yes

Sale Includes

Building(s): Yes
Business: Yes
Fixtures: Yes
Furniture: Yes
Land: Yes

Tenant Pays

Electricity: Yes

Property Features

Utilities: Electricity Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Phone Available; Sewer Connected; Water Connected Business Type: Other Ceiling: Drywall Construction Materials: Block; Wood Siding Parking Features: Paved Possession: Close Of Escrow; Negotiable Roof: Shingle Sale Includes: Building(s); Business; Fixtures; Furniture; Land Special Listing Conditions: Standard Tenant Pays: Electricity

Listing Office: Lifstyl Real Estate

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.