42 Central StreetNewport City, VT 05855MLS Number 4698521

  • Price: $385,000
  • 190 Days on Market
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Federal 30-year interest rate: 4.75% last updated on Dec 6, 2018
* 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.
  • 0.13Acreage
  • 1920Year Built
  • 7018Square Feet
  • MasonryConstruction

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The Express & Standard Building is a staple of downtown Newport. This 1920's building has been painstakingly restored and updated to meet modern day demands. From the exterior brickwork and columns to the interior stamped tin ceilings and lovely woodwork, which includes hardwood floors, custom built-ins, antique kitchen cabinets and wainscoting. The main floor consists of a lovely commercial space plus rear shop space. The second floor hosts two beautiful suites, each with their own heat and electric. SUITE 201 is 1-bedroom and SUITE 202 is 2-bedroom. SUITE 301 is on the 3rd floor and offers 4 bedrooms, front and rear decks as well as its own heat and electric. A substantial list of upgrades is available to potential buyers. Gross Rent per year is $58,980 and increases 2% per year. Annual expenses of $26,145 include taxes, insurance, heat/electric (owner pays some heat/electric), water/sewer, maintenance, trash and cleaning. This fully leased building would make a great investment for those that want to own a proud piece of Newport's history and future.

Listed by Nicholas Maclure of Century 21 Farm & Forest

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More Info

Parking

  • Parking Spaces

Building

  • Year Built1920
  • ConstructionMasonry
  • Units5
  • FoundationConcrete
  • Square Feet7018
  • Available Sqft7018
  • BasementFull, Unfinished

Exterior

  • ExteriorBrick
  • RoofFlat, Membrane, Other

Utilities

  • FuelGas - LP/Bottle, Oil
  • Heating CoolingBaseboard, Direct Vent
  • Phone CompanyConsolidated Commun.

Other

  • bloggingYes
  • Book206
  • Page335
  • Delayed ShowingsNo
  • View Count5

Basic Information

  • Virtual TourClick Here
  • StatusActive With Contract
  • Date Listed2018-06-07T00:00:00
  • Modification Date08/17/2018
  • TypeInvestment, Multi-Family, Office, Opportunity, Retail
  • List Price$385,000
  • Agent NameMaclure
  • Broker NameCentury 21 Farm & Forest
  • Listing Agent NameNicholas Maclure
  • Lister Office NameCentury 21 Farm & Forest
  • MLS Number4698521

Photos

  • Number of Photos40

Location

  • Building Number42
  • StreetCentral
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans

Property

  • Acreage0.13
  • Property TypeCommercial Sale
  • Area
    • Business District
    • Commercial Zoning
    • Historic District
    • In Town
    • Near Country Club
    • Near Golf Course
    • Near Paths
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
    • Neighborhood
  • Lot Sqft5663
Parkway Realty - Lyndonville
Parkway Realty - Lyndonville
Office: 802-626-8333
223 Main Street
Lyndonville, VT 05851
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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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