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Opportunity Zone

125 Main St

Retail space on Main Street in downtown Newport, VT

Listing Contacts

Active

Asking Price: $350,000
Address 

125 Main St, Newport, VT 05855

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Date Added
Nov 26, 2024
Days on Market
113 days
Time Since Last Update
20 days

Details

Property TypeRetail, Hospitality
SubtypeConvenience Store, Restaurant, Bar
TenancyVacant
Square Footage7,190
Units3
Year Built1978
Year Renovated2019
Stories1
ZoningCommercial
Lot Size (acres)0.09

Marketing 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.​

Investment Highlights

  • ​https://tour.neren.com/125-Main-Street-Newport-City-VT-05855/unbranded#tour
  • ​Features - Accessibility Access Parking, Hard Surface Flooring, No Stairs from Parking, One-Level Business, Paved Parking, Zero-Step Entry Ramp
  • ​Features - Commercial Public Restrooms, In-Unit Bathroom
  • ​Heating Hot Air, In Ceiling, Multi Zone, Propane
  • ​ Cooling Central AC, Other
  • ​Electric200 Amp, Circuit Breaker(s)
  • ​Water Source Public
  • ​Sewer Public
  • ​Utilities Cable, Cable - At Site, Gas - LP/Bottle
  • ​Date - Initial Showings Begin
  • ​Fore closed/Bank-Owned/REO No
  • ​Financing-Possible Opt 1031 Exchange, CASH, Conventional, Home Equity, Other, SBA- 504

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Information
Broker Name
Ryan Pronto
Broker License
VT VT 081-0063392
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