Newport City, VT | 125 Main Street

$350,000
MLS#: 4997382
0.09
Acres
0
Road Frontage
7,190
SQ. Feet
$7,726
Taxes
1 of 28

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

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2024-05-25
Last Updated:
2024-06-11 18:52:09

Stowe Office

Pall Spera

(P) 802.253.9771
(F) 802.253.9993
email

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