125 Main StreetNewport City, VT 05855MLS Number 4698947

  • Price: $269,900
  • 347 Days on Market
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Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.09Acreage
  • 1978Year Built
  • 7,190Square Feet

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Listed by Ryan Pronto and James Campbell of Jim Campbell Real Estate

3-Unit commercial building on Main St. in beautiful downtown Newport, VT. Great income producing property, when fully leased the building averages 12.5% return on investment. Ideal opportunity for a restauranteur looking to open a new location, as Unit #3 offers a 3500sq.ft fully equipped restaurant/bar space, available for immediate occupancy. The street level features Unit #1 that is leased to a long term breakfast/lunch restaurant with 1500+ sq.ft and Unit #2 is a 1600sq.ft retail space currently vacant & available for lease. List price includes a valuable amount of restaurant equipment; refrigerators, ice machine, deli unit, pizza oven, griddle, 10 burner stove with ansul system, booths, tables, walk-in freezer, many kitchen appliances, prep areas, and much more (call for detailed inventory list). There are many opportunities with this building and location. Available now!!

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More Info

Basic Information

  • StatusACT
  • Modification Date06/08/2018
  • TypeBusiness, Hospitality, Investment, Opportunity, Retail
  • List Price$269,900
  • Broker NameJim Campbell Real Estate
  • Listing Agent NameRyan Pronto
  • Lister Office NameJim Campbell Real Estate
  • MLS Number4698947

Utilities

  • FuelGas - LP/Bottle
  • Heating CoolingHot Air, In Ceiling, Multi Zone
  • Phone CompanyFairpoint/ Comcast

Location

  • Building Number125
  • StreetMain
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans

Property

  • Acreage0.09
  • Parking Spaces
  • Property TypeCommercial Sale
  • AreaBusiness District, Commercial Zoning, In Town
  • Lot Sqft3,920

Building

  • Year Built1978
  • ConstructionWood Frame
  • Units3
  • FoundationConcrete
  • Square Feet7,190
  • BasementClimate Controlled, Concrete Floor, Finished, Full, Stairs - Interior, Walkout

Exterior

  • ExteriorBrick, Concrete
  • RoofShingle - Asphalt, Tar and Gravel

Amenities

  • Accessibility AmenitiesAccess Parking, Hard Surface Flooring, No Stairs from Parking, One-Level Business, Paved Parking, Zero-Step Entry Ramp

Other

  • AC percent90
  • Transport AccessCity Street
  • View Count406

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