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.