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1257 East Main St (Route 5)Newport City, VT 05855MLS Number 4621381

  • Price: $495,000The price has recently decreased
  • 228 Days on Market
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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.

  • 1.66Acreage
  • CommercialZoning
  • 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.

Listed by Nicholas Maclure of Century 21 Farm & Forest

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More Info

Basic Information

  • Modification Date03/29/2017
  • List Price$495,000
  • Date Listed2017-03-10T00:00:00
  • StatusACT
  • MLS Number4621381

Property

  • Property TypeCommercial Sale
  • Road Frontage173
  • ZoningCommercial
  • Lot Sqft72310
  • TypeDevelopment, Retail
  • SignageSome
  • Acreage1.66

Other

  • Broker NameCentury 21 Farm & Forest
  • Agent NameMaclure
  • bloggingYes
  • Book136
  • Transport AccessMajor Road Access, Paved
  • Page215-217
  • Number of Photos29
  • View Count9

Location

  • Zip05855
  • StateVT
  • Building Number1257
  • TownNewport City
  • CountyOrleans
  • Area
    • Business District
    • Commercial Zoning
    • Near Golf Course
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • StreetEast Main St (Route 5)

Exterior

  • Parking Spaces
  • ExteriorBlock, Brick, Combination, Concrete, Hardwood, Metal

Building

  • Square Feet16784
  • Year Built1960
  • Drive/Doors3
  • Units7
  • ConstructionMasonry, Steel Frame, Wood Frame
  • Available Sqft16784

Interior

  • Ceiling Heightvaries
  • BasementNone

Utilities

  • UtilitiesCable - Available, DSL - Available
  • FuelOil
  • Heating CoolingHot Water
  • Phone CompanyFairpoint
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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.

 

 

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