$279,900

125 Main Street, Newport City, VT 05855, US

Summary

Style: Commercial Sale
Year Built: 1978

Moving Quotes

primary photo for 125 Main Street, Newport City, VT 05855, US

Remarks

Fully leased and profitable 3-Unit investment property / commercial building on Main St. in beautiful downtown Newport, VT. Great income producing property currently averaging approx. a 10% return on investment. 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 leased to a retail store. Unit #3 offers a 3500sq.ft fully equipped restaurant/bar space with a professional kitchen, is located on the walkout lower level with access in the rear of the building and is leased to a long term wholesaler type of tenant. List price includes a valuable amount of restaurant equipment; refrigerators, freezers, deli unit, pizza oven, griddle, 10 burner stove with ansul system, booths, tables, walk-in refrigerator, many kitchen appliances, prep areas, and much more (call for detailed inventory list). 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.

Details

MLS#: 4698947
Price: $279,900

Style: Commercial Sale
Year Built: 1978

County: Orleans
Lot Size: 3920
Tax Fee: 7326.58

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Broker Contact


Jim Campbell Real Estate
601 East Main Street PO Box 682
Newport, VT, 05855
US
Jim Campbell
! (802) 334-3400
! jimmyc@jimcampbellrealestate.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by New England Real Estate Network
Last updated: 2020-01-10T15:23:58.000-05:00.
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