125 Main StreetNewport City, VT 05855MLS Number 4997382

  • Price: $350,000
  • 20 Days on Market
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
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Active
  • 0.09Acreage
  • 1978Year Built
  • 7,190Square Feet

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Listed by Ryan Pronto of 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.

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More Info

Basic Information

  • PermissionDeed, Property Disclosure, Tax Map

Building

  • Year Built1978
  • NumberOfUnitsInCommunity3
  • FoundationConcrete
  • Square Feet7,190
  • Available Sqft7,190
  • BasementClimate Controlled, Concrete Floor, Finished, Full, Stairs - Interior, Walkout

Exterior

  • 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
  • PricePerSqFt48.68

Tax Information

  • Tax Year2023

Location

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

Property

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

Basic Information

  • StatusACT
  • Modification Date06/11/2024
  • TypeBusiness, Hospitality, Investment, Opportunity, Other, Retail
  • List Price$350,000
  • Broker NameJim Campbell Real Estate
  • Listing Agent NameRyan Pronto
  • Lister Office NameJim Campbell Real Estate
  • MLS Number4997382
  • MLS StatusActive

Utilities

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

Other

  • AC percent50
  • Transport AccessCity Street
  • Date Listed05/25/2024
  • View Count76
Broker Reciprocity 

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 June 13, 2024 8:24 PM EDT

 

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