1257 East Main St (Route 5)Newport City, VT 05855MLS Number 4621381
- Price: $495,000The price has recently decreased
- 228 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 4.03% last updated on 2017-07-13
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
- 173Road Frontage
Prime development opportunity with this level 1.66 Acre parcel located in the Newport City limits, yet very close to the new Walmart on Route 5 which is the busiest route in the area. The site includes a front building which could be razed & redeveloped or continue to be utilized as a multi-unit rental. There are currently 3 dance studios, a retail space and a large area with overhead doors which the owner currently uses for storage. The building has over 12,000 square feet and many of the spaces have been renovated. The exterior could use upgrades but the owner has opted not to invest too much in the event a purchaser opts to raze and redevelop. The rear building is a 50' x 80' metal building & is in great shape. It is used as an automotive garage but could make a great warehouse as well. Property currently generates about $2800/month in income which would allow an investor to hold the property until a development opportunity arises. City water & sewer. Phase III power, cable and DSL.
Ask A Question
Call: 8005578186 8028629106 or send a message:
- Modification Date03/29/2017
- List Price$495,000
- Date Listed2017-03-10T00:00:00
- MLS Number4621381
- Property TypeCommercial Sale
- Road Frontage173
- Lot Sqft72310
- TypeDevelopment, Retail
- Broker NameCentury 21 Farm & Forest
- Agent NameMaclure
- Transport AccessMajor Road Access, Paved
- Number of Photos29
- View Count9
- Building Number1257
- TownNewport City
- Business District
- Commercial Zoning
- Near Golf Course
- Near Shopping
- Near Skiing
- Near Snowmobile Trails
- StreetEast Main St (Route 5)
- Parking Spaces
- ExteriorBlock, Brick, Combination, Concrete, Hardwood, Metal
- Sale IncludesAdditional Buildings, Building Only, Land/Building
- Square Feet16784
- Year Built1960
- ConstructionMasonry, Steel Frame, Wood Frame
- Available Sqft16784
- Ceiling Heightvaries
- UtilitiesCable - Available, DSL - Available
- Heating CoolingHot Water
- Phone CompanyFairpoint
Village . 4050 Square Feet 0.33 Acreage Year Built in 1940.
This Newport Commercial property has a lot of potential. It has been used for food services and also a daycare but has great potential for office or retail space. The main part of the building is a metal frame structure with a concrete slab which makes the space very flexible. The property is located on the East side of Newport just off from the causeway and within walking distance to downtown Main St. The bike path is across the street. The East Main st to the Causeway corridor has seen a lot of growth and improvement over the past decade. Bring your ideas and make this building your own! More
Village . 0 Square Feet 0 Acreage Year Built in 1860.
Located at one of the busiest intersections in all of Orleans County, this commercially zoned property offers prime development potential with 0.96 acres of land and city water & sewer. Existing structures consist of a 1,400-square-foot, 2-story home, built in 1860, with character in the original hardwood floors & trim work throughout. Offers the potential to be utilized as a professional commercial office or retail property. Detached 3-story barn structure and a 2-car garage also on-site. The land slopes in the rear and offers a large amount of fill that could be excavated to make this a fairly level, spacious, fully usable and highly desirable commercial building site. If more land or buildings are needed, the property adjacent on Union St. is for sale w/ a 4,000-square-foot building & 0.33 acres (MLS#4423543), as well as the lot & buildings adjacent on East Main Street w/ 1.2 acres of land. More
Village Newport. 35244 Square Feet 8.51 Acreage Year Built in 1952.
Former Sacred Heart School and Convent, rich in history to many local residents, is a landmark in the City of Newport. The property overlooks Lake Memphremagog and offers a large open athletic field. school building with 35,332 SqFt above grade, convent with 12,708 SqFt above grade, includes commercial kitchens, chapel, large common areas and 35 bedrooms. Both buildings also have partial finished basements. There is a third building with a garage and additional dormitory space. This prime historic site of 8.51 acres offers fabulous views of the Lake Memphremagog and is in close proximity to downtown Newport. The large open acreage and its existing buildings offers the potential for development of senior housing, scholastic or retreat center and other like uses. Opportunity to become a state of the art facility within the region! More
Village . 3070 Square Feet 70.3 Acreage Year Built in 1981.
"A Neighborhood is Born" this is a city of Newport zoned GR/light industrial plot of land overlooking Lake Memphremagog and into Canada. There is the old European influenced Bogner house on the property. This also was the old girl scout camp or years ago. It goes down to the railroad tracks along the lake with two other access points onto Farrant Point with the main entrance off of Lake Road by the entrance to what was going to be the Biotech building/old Bogner clothing plant. This has been mapped and permitted for 61 building lots with access to City Water and Sewer. All set to develop for the right person. Owner had planned to do an over 55 community on property and use the Bogner house as a community center. Great idea for the right developer. **OWNER WILL CONSIDER FINANCING TO QUALIFIED BUYER*** More
Village . 2812 Square Feet 0.23 Acreage Year Built in 1885.
Well Established Bed and Breakfast and Extended Stay 4 Unit great Web presence . Very Organized Owner, completely remodeled with Unique European Theme. Both properties well located In growing Newport , Vermont featuring International Lake Memphremagog. Walking distance to all services. Turn Key and very Impressive. Must be sold together located across the Street from one another. Stars shared with serious inquiries. More
Village . 9849 Square Feet 0.1 Acreage Year Built in 1902.
Commercial building in an exceptional corner lot location on Main Street in downtown Newport, VT. Great investment property that is currently fully leased to 6 long term tenants and decent rental history on file. Sellers also own the restaurant & candy store and are willing to secure a multi-year lease for each. Nice large rental units on the second floor, fully leased with 4 long term tenants at the moment (9 rooms total that have potential to be leased individually or combined for larger adjoining lease spaces). This Historic property is in good overall condition from the brick exterior to the updated heating & electrical systems and restoration of the original hardwood floors throughout. This property is ideal for numerous types of businesses with its high traffic count & foot traffic and great signage exposure. Great opportunity for investors & entrepreneurs alike. Shown by appointment. More
Village . 7190 Square Feet 0.09 Acreage Year Built in 1978.
Downtown Newport building with 3 rentable units. Currently houses a restaurant on the main level, a non-profit organization on the lower walk out level and another unit on the main street level is currently vacant. When fully rented building averages about 9% return on investment. There are many opportunities with this building and location. Available now!! Some restaurant equipment included. More
Village . 1344 Square Feet 0.38 Acreage Year Built in 1950.
Are you looking for the perfect location for your business on the busiest road in the Northeast Kingdom? Then your search is over. This clean as a whistle property features several offices, 2 baths, hardwood floors, great access and the most exposure possible. Attached garage for extra storage and more. This property can be sold with 2 lots as it is all sub-divided and approved. Office building with both lots offered at $229,900 or office building with 1 lot for $169,000. The property is accessible off East Main St. and Blanchard Avenue. More
Village . 1344 Square Feet 0.17 Acreage Year Built in 1950.
If you want the perfect spot with the most exposure possible in the Northeast Kingdom, then this is the property to own. This clean as a whistle property features several offices, 2 baths, hardwood floors, attached garage for extra storage and more. This property can be sold with 1 lot for $169,000 or with both lots for $229,900. Property is accessible off East Main St. and Blanchard Avenue. More
Village . 29056 Square Feet 0.53 Acreage Year Built in 1900.
This building offers over 29,000 sq feet of space which includes numerous show rooms, office space, warehouse / garage space with large over head doors, as well as two residential apartments. The building offers good visibility on Coventry St (also route 5) and it is located across the street from the Pick n Shovel hardware store. A little under 24,000 sq feet is heated space. The lot offers 4300 sq feet of paved parking and it also abuts the railroad in the rear. This would make a great mixed use building with room for offices, showrooms, warehouse, and residential space. It would also lend itself well to an incubator style building. More
Copyright 2017 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.