Commercial for Sale: 125 Main Street, Newport City, VT 05855

$350,000
$350,000
125 Main Street, Newport City, VT 05855
$350,000
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Price:
$350,000

Type Commercial
Lot Size 0.09 acres
Year Built 1978
Taxes Paid $8,576

City Newport City
County Orleans

MLS 4997382
Status Active
DOM 185 days
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.

Lot & Building Features

Utilities Cable, Gas - LP/Bottle, Cable - At Site
Construction Brick Exterior, Wood Frame, Concrete Exterior
Cooling Central AC, Other
Heating Hot Air, Multi Zone, In Ceiling
Parking Description Off Street, Paved, Other, On Street
Sewer Public
Tax Year 2025
Taxes Paid $8,576
Water Public
Basement Description Climate Controlled, Walkout, Stairs - Interior, Full, Finished, Concrete Floor
Foundation Concrete
Lot Description City Lot
Roof Shingle - Asphalt, Tar and Gravel

Price History of 125 Main Street

Date Name Price Difference
05/25/2024 Listing Price $350,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 125 Main Street, Newport City, VT

Location Map Street View
Photo of Theresa Clark
Direct: 603-969-7841
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Jim Campbell Real Estate, Ryan Pronto
$
20%
2.45044%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

125 Main Street (MLS #4997382) is a commercial listing located in Newport City, VT. This commercial listing is on a lot of 3,920 sqft (or 0.09 acres) and is 46 years old. This property was listed on 05/25/2024 and has been priced for sale at $350,000.

Nearby zip codes are 05825, 05829, 05855 0000, 05857 and 05872. This property neighbors other cities such as Coventry, Derby and Newport Town.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Jim Campbell Real Estate

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/26/2024