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

$495,000
Commercial Property MLS# 4621381 ID: 43867308
$495,000 Get Rates

Commercial Sale - Newport City, VT
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.

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Location Information near 1257 East Main St (Route 5)
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Property Features for 1257 East Main St (Route 5)
Status
Market Status
Available
Last Updated
November 19, 2017
Description
Property Type
Commercial Property
Year Built
1960
Approx. Lot Size
1.66 Acres

Building Features

  • Heating System: Hot Water
  • Heating Fuel: Oil

Exterior Features

  • Exterior Construction: Block; Brick and Wood; Comb; Concrete Block; Metal; Wood
  • Garage
  • Parking: 4 spaces

Legal/Financial

  • Taxes: 5474.54 (2015)

Listing Features

  • Property Type: Commercial; Commercial Sale

Data Provided by Northern New England Real Estate Network

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Nicholas Maclure, Derby Real Estate


  • Phone: View Phone Number (802) 673-8876
  • Toll Free: View Phone Number (800) 273-5371x112
  • Website: Visit Agent Website

Century 21 Farm & Forest, Derby VT


  • Phone: View Phone Number (802) 334-1200
  • Fax: View Phone Number (802) 626-1171xBURKE
  • Website: Visit Office Website

Data Provided by:
Northern New England Real Estate Network


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More information about this $495,000 Commercial Property at 1257 East Main St (Route 5)

This $495,000 Commercial Property at 1257 East Main St (Route 5) in Newport City, VT is offered by Nicholas Maclure. This $495,000 Commercial Property, located in the 05855 zip code, has the following property features: Heating Fuel, Parking, Exterior Construction, Taxes. This 1257 East Main St (Route 5) Commercial Property, located in Orleans County , is listed under MLS listing number 4621381 and has a listing price of $495,000. You can find more of Nicholas Maclure's listings by browsing Nicholas Maclure homes for sale at HomesAndLand.com, or even more NEWPORT CITY homes for sale here.