Listing courtesy of Ryan Pronto, Jim Campbell Real Estate Phone: 802-334-3400


125 Main Street, Newport City, VT, 05855

125 Main Street, Newport City, VT, 05855

1978

7,190 sqft

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.


Status:

Active

Type:

Commercial

Units:

3

Zoning:

Commercial

Heating:

Hot Air, In Ceiling, Multi Zone, Propane

Cooling:

Central AC, Other

Parking:

Off Street, On Street, Other, Paved

Acreage:

0.09

Est. Taxes:

$8,577

Construction

Wood Frame,Brick Exterior,Concrete Exterior

Elevator:

N

MLS #:

4997382


Community Info

School Info

Walk Score

Mass Transit

Yelp