125 Main Street Newport City, VT
$350,000
Acres 0.09
Description
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.
Listed by Jim Campbell Real Estate, Ryan Pronto
Details
MLS 4997382
Price $350,000
Status Active
DOM 200 days
Type Commercial
Lot Size 0.09 acres
Year Built 1978
Taxes Paid $8,576
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
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.