1257 East Main St (route 5) Newport City, VT 05855
$499,000

1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000
1257 East Main St (route 5) Newport City, VT 05855 by Century 21 Farm & Forest $499,000

 

Listed by Nicholas Maclure of Century 21 Farm & Forest

Call Four Seasons Sotheby's International Realty Real Estate for more information.

Acreage: 1.66

Year Built: 1960

Square Feet: 16,784

Units: 0

MLS #: 4466644

Expired

Property Description

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 in, a retail space and a large area with overhead doors which the owner currently uses for storage. The building has over 12,000 sq 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'x80' 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/m 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.

Property

  • Property Type: Commercial Sale
  • Type: Development, Retail
  • Type Use: Garage, Office Building, Storefront, Warehouse
  • Acreage: 1.66
  • Zoning: Commercial
  • Road Frontage: 173
  • Signage: Some
  • Lot:
  • Lot SqFt: 72,310
  • Roads:

Location

  • State: VT
  • Street: East Main St (route 5)
  • Building Number:
  • Zip Code: 05855
  • County: VT-Orleans
  • Town: Newport City

Building

  • Building SqFt: 0
  • Available SqFt: 16,784
  • Total SqFt: 0
  • Foundation:
  • Construction: Masonry, Steel Frame, Wood Frame
  • Year Built: 1960
  • Units: 0

Utilities

  • Heating: Hot Water
  • Cooling:
  • Services: Cable - Available, DSL - Available

Exterior

  • Roof:
  • Exterior: Block, Brick, Combination, Concrete, Hardwood, Metal
  • Parking: Garage, On-Site, Parking Spaces 21+

Amenities

  • Accessibility Features:
  • Commercial Features: Additional Outbuildings

Legal

  • Taxes: $5,475
  • Date Showings Begin:
  • Delayed Showing: Unknown

The New England Real Estate Network provides Multiple Listing Services (MLS) in the States of New Hampshire, Vermont, Massachusetts and Maine.

Copyright© 2017 The New England Real Estate Network. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 06/25/2017.

Market conditions

Median sale price

$144,500 DOWN -36.48% vs. month ago

Homes for sale

2 No Change 0.00% vs. month ago

Homes sold

3 DOWN -25.00% vs. month ago

Average days on market

58 DOWN -78.98% vs. month ago