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General Property Information
- Price:
- $350,000
- Property Status:
- Active
- County:
- VT-Orleans
- Agency/Brokerage:
- Ryan Pronto
Jim Campbell Real Estate
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. All units are currently vacant and offers potential for a great income producing property to lease all three units. The street level features Unit #1 that had a long-term & successful breakfast/lunch restaurant with 1500+ sq.ft. & a hood system and Unit #2 is a 1600 sq.ft. retail store. 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 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.
Property Features
- Year Built:
- 1978
- # of Stories:
- Road Frontage:
- 0
- Zoning:
- Commercial
- Acres:
- 0.09
- Total Sq ft:
- 7190
- # of units:
- 3
- Parking:
- Off Street,On Street,Other,Paved
- Basement:
- Climate Controlled,Concrete Floor,Finished,Full,Stairs - Interior,Walkout
- Location:
- Business District,Commercial Zoning,In Town,Other
- Exterior Features:
- Sales Includes:
- Equipment,Land/Building
- Roof Style:
- Shingle - Asphalt,Tar and Gravel
- Type:
- Business w/ Real Estate,Food Service,Office Building,Storefront
- Misc:
- Public Restrooms,In-Unit Bathroom
- Foundation:
- Concrete
- Fuel:
- Heating & Cooling:
- Hot Air,In Ceiling,Multi Zone
- Floors:
- Financing:
Other Information
- List Date:
- 2024-05-25
- Last Updated:
- 2024-06-11 18:52:09