125 Main StreetNewport City, VT 05855MLS Number 4698947

  • Price: $279,900
  • 438 Days on Market
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Federal 30-year interest rate: 3.6% last updated on Aug 15, 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
  • 3Units

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3-Unit commercial building on Main St. in beautiful downtown Newport, VT. New roof installed in July 2019. 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 & location.

Listed by Ryan Pronto of Jim Campbell Real Estate

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More Info

Basic Information

  • Virtual TourClick Here
  • StatusACT
  • Modification Date07/15/2019
  • TypeBusiness, Hospitality, Investment, Opportunity, Retail
  • List Price$279,900
  • Broker NameJim Campbell Real Estate
  • Listing Agent NameRyan Pronto
  • Lister Office NameJim Campbell Real Estate
  • MLS Number4698947

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

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 Count37

Building

  • Year Built1978
  • ConstructionWood Frame
  • Units3
  • FoundationConcrete
  • Square Feet7,190
  • Available Sqft7,190
  • BasementClimate Controlled, Concrete Floor, Finished, Full, Stairs - Interior, Walkout

Exterior

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

Utilities

  • FuelGas - LP/Bottle
  • Heating CoolingHot Air, In Ceiling, Multi Zone
  • Phone CompanyFairpoint/ Comcast
Parkway Realty - Lyndonville
Parkway Realty - Lyndonville
Office: 802-626-8333
223 Main Street
Lyndonville, VT 05851
Broker Reciprocity

Copyright 2019 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. 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 August 19, 2019.

 

 

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