125 Main Street , Newport City, VT 05855
Newport City, VT 05855
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.
Details
| Mls | 4997382 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 200 |
| Listing Provided By | Jim Campbell Real Estate | Ryan Pronto |
Features
| Sq Feet | 7,190 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | Commercial |
| Acreage | 0.09 |
Market Activity 05855
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| State | VT |
|---|---|
| County | Orleans |
| City | Newport City |
| Zip Code | 05855 |
| Listing VS Median (in 05855) | |
Price: $350,000 low | high Med: $192,200 SqFt: 7,190 low | high Med: 2,419 $ / SqFt: $49 low | high Med: $87 On Site: 200 low | high Med: 64.000000 | |