VT > Newport City
Newport City, VT 05855,125 Main ST
Newport City, VT 05855,125 Main ST
Newport City, VT 05855,125 Main ST
Additional details
Alan Larrabee

Alan Larrabee

+1(603) 400-6379
Listed by Ryan Pronto • Jim Campbell Real Estate
$350,000
Est. payment /mo
7,190 SqFt
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UPDATED:

10/30/2024 07:43 PM

Key Details

Property Type Commercial

Sub Type Business,Hospitality,Investment,Opportunity,Other,Retail

Listing Status Active

Purchase Type For Sale

Square Footage 7,190 sqft

Price per Sqft $48

MLS Listing ID 4997382

Year Built 1978

Annual Tax Amount $8,576

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Description

3-Unit investment property/commercial building on Main St. in beautiful downtown Newport, VT. With all the foot-traffic downtown, this building is ideal for most any type of retail store, restaurant, gift shop, clothing boutique, office, bakery, cafe, etc. Offering great potential for as an income producing property when all three units are leased. The street level features Unit #1 that is leased long term to a restaurant with 1500+ sq.ft. & a hood system and Unit #2 is a 1600 sq.ft. retail store (vacant). Unit #3 offers 3500 sq.ft. that used to be a fully equipped restaurant/bar space with a professional kitchen and is currently finished with 13 individually leased storage rooms/office (hood system is still installed). Unit #3 is located on the walkout lower level with access from the parking lot in the rear of the building. Seller is willing to sell a valuable amount of restaurant equipment; refrigerator, freezer, deli unit, booths, tables, walk-in refrigerator, many kitchen appliances, prep areas, and much more. This is a well maintained property with a new roof installed in July 2019. Downtown offers ample on street parking, several municipal parking lots and this property offers direct access to the city owned parking lot in the rear of this building. There are many opportunities with this building & location.

Location

State VT

County Vt-orleans

Area Vt-Orleans

Zoning Commercial

Rooms

Basement Entrance Walkout

Basement Climate Controlled, Concrete Floor, Finished, Full, Stairs - Interior, Walkout

Interior

Heating Gas - LP/Bottle

Cooling Central AC, Other

Inclusions Equipment, Land/Building

Equipment Air Conditioner

Exterior

Parking Features Off Street, On Street, Other, Paved

Garage Description Off Street, On Street, Other, Paved

Utilities Available Cable, Cable - At Site, Gas - LP/Bottle

Water Access Desc No

Roof Type Shingle - Asphalt,Tar and Gravel

Building

Foundation Concrete

Sewer Public

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Alan Larrabee

+1(603) 400-6379

Broker | NHNH 071830, MA 83401

Broker NHNH 071830, MA 83401

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