125 Main ST Active Save Request In-Person Tour Request Virtual Tour
Newport City,VT 05855
Key Details
Property Type Commercial
Sub Type Business,Hospitality,Investment,Opportunity,Other,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,190 sqft
Price per Sqft $48
MLS Listing ID 4997382
Year Built 1978
Annual Tax Amount $8,576
Tax Year 2025
Lot Size 3,920 Sqft
Property 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.
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning Commercial
Rooms
Basement Entrance Walkout
Interior
Heating Gas - LP/Bottle
Cooling Central AC,Other
Inclusions Equipment,Land/Building
Equipment Air Conditioner
Exterior
Garage Off Street,On Street,Other,Paved
Garage Description Off Street,On Street,Other,Paved
Utilities Available Cable,Cable - At Site,Gas - LP/Bottle
Waterfront No
Roof Type Shingle - Asphalt,Tar and Gravel
Building
Foundation Concrete
Sewer Public