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      1257 East Main (Route 5) StreetNewport City, VT 05855MLS Number 4785488

      • Price: $389,900The price has recently decreased
      • 197 Days on Market
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      Price Down Payment Interest Rate Years
      %

      Est. Mortgage: $/month

      Federal 30-year interest rate: 3.15% last updated on 2020-05-28

      This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

      Active
      1257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 058551257 East Main (Route 5) Newport City VT 05855
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      Your Local Office


      4403 Main Street PO Box 703
      Waitsfield VT, 05673

      Office: 1.802.496.9800

      • 16,784Square Feet
      • 1.66Acreage
      • 1960Year Built
      • ActiveMLS Status
      Listed by Nicholas Maclure of Century 21 Farm & Forest

      Driving Directions

      Prime Real Estate with this level 1.66 Acre parcel located in the Newport City limits, yet very close to Walmart on Route 5 which is the busiest route in the area. The site includes a front building which is currently used as a multi-unit rental. There are currently 3 dance studios, a signage business, 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 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 $3,900/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. This property is located within the Foreign Trade Zone which could reduce the costs of imports for your business. Furthermore it is located in an IRS designated Opportunity Zone which could provide an investor with preferential tax treatment as part of the Tax Cuts and Jobs Act of December 2017. Finally a redevelopment project might qualify for New Market Tax Credits.

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      Call: 1-802-793-1515 1-802-496-9800 or send a message:

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      More Info

      Basic Information

      • StatusACT
      • Modification Date11/18/2019
      • TypeDevelopment, Retail
      • List Price$389,900
      • Broker NameCentury 21 Farm & Forest
      • Listing Agent NameNicholas Maclure
      • Lister Office NameCentury 21 Farm & Forest
      • MLS Number4785488
      • MLS StatusActive

      Exterior

      • ExteriorBlock, Brick, Combination, Concrete, Hardwood, Metal
      • RoofMembrane, Metal

      Location

      • Building Number1257
      • StreetEast Main (Route 5)
      • TownNewport City
      • StateVT
      • Zip05855
      • CountyOrleans

      Property

      • Acreage1.66
      • Parking Spaces
      • Property TypeCommercial Sale
      • Area
        • Business District
        • Commercial Zoning
        • Near Golf Course
        • Near Shopping
        • Near Skiing
        • Near Snowmobile Trails
      • Lot Sqft72,310
      • Road Frontage173

      Other

      • Transport AccessMajor Road Access, Paved
      • View Count13

      Building

      • Year Built1960
      • ConstructionMasonry, Steel Frame, Wood Frame
      • Units7
      • Drive/Doors3
      • FoundationConcrete
      • Square Feet16,784
      • Available Sqft16,784
      • BasementNone
      • Garage Spaces

      Interior

      • Ceiling Heightvaries

      Utilities

      • FuelOil
      • Heating CoolingHot Water
      • Phone CompanyConsolidated
      Broker Reciprocity

      Copyright 2020 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. 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 May 30, 2020.

       

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