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Courtesy of Ryan Pronto of Jim Campbell Real Estate.

95 Main Street

Newport City, VT 05855
  • $695,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 4934233
UPDATED: 47 min ago
$695,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,406
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1902
County:
Area:

School Ratings & Info

Description

Historic building with an exceptional corner lot location on Main Street in downtown Newport, VT. Great investment property with numerous leases currently in place and a rental history on file. The sellers own and operate the restaurant (Lago Trattoria) on the street level and are willing to secure a multi-year lease should the new owners desire such (business, equipment, inventory, etc. avail. as a package for $765K). The restaurant utilizes the full basement for a prep kitchen, walk-in cooler, storage, etc. and there is an additional small storefront leased area on the street level. Large and bright rental units on the second floor, consisting of 9 rooms total, most have potential to be leased individually or combined for larger adjoining suites. This Historic property is in good overall condition from the brick exterior to the updated heating & electrical systems and the restoration of the original hardwood floors throughout. Ideal property for numerous types of businesses with the high traffic count, foot traffic, visibility and great signage exposure. This property is well known for the Mcclintock clock on the corner of the building and is owned by sellers/included in the sale. Great opportunity for investors and/or entrepreneurs alike to establish their own business, while joining in with all the revitalization of downtown Newport. Shown by appointment.

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© Copyright 2022 New England Real Estate Network, Inc. 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 2022-12-09T16:06:46.3.
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95 Main Street Newport City, VT 05855

  • Price: $695,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 47 min ago
  • MLS #: 4934233
0
Beds
0
Baths
0
½ Baths
0.1
Acres
6,406
SQFT
$108
$/SQFT
1902
Built
Neighborhood:
Newport City
County:
Orleans
Area:
Newport City
Property Description
Historic building with an exceptional corner lot location on Main Street in downtown Newport, VT. Great investment property with numerous leases currently in place and a rental history on file. The sellers own and operate the restaurant (Lago Trattoria) on the street level and are willing to secure a multi-year lease should the new owners desire such (business, equipment, inventory, etc. avail. as a package for $765K). The restaurant utilizes the full basement for a prep kitchen, walk-in cooler, storage, etc. and there is an additional small storefront leased area on the street level. Large and bright rental units on the second floor, consisting of 9 rooms total, most have potential to be leased individually or combined for larger adjoining suites. This Historic property is in good overall condition from the brick exterior to the updated heating & electrical systems and the restoration of the original hardwood floors throughout. Ideal property for numerous types of businesses with the high traffic count, foot traffic, visibility and great signage exposure. This property is well known for the Mcclintock clock on the corner of the building and is owned by sellers/included in the sale. Great opportunity for investors and/or entrepreneurs alike to establish their own business, while joining in with all the revitalization of downtown Newport. Shown by appointment.
Exterior Features

Construction Masonry Exterior Brick Lot Description City LotCornerLevelMajor Road FrontageSidewalksStreet Lights Parking Off-SiteOn StreetOther Road Frontage Yes Road Frontage Length 1 Roof Membrane Total Drivein Doors 0 Total Loading Docks 0 Transport Access Major Road Access Water Body Access YN No Water Body Type Lake Water View YN Yes Waterfront Property No

Interior Features

Air Conditioning Percentage 50 Basement Yes Basement Access Type Interior Basement Description Concrete FloorFullPartially FinishedStairs - InteriorStorage SpaceInterior AccessExterior Access Ceiling Height 10'-12' Cooling Wall Ac Units Divisible Sq Ft Yes Equipment NoneAir Conditioner Foundation GraniteOther Heating Hot WaterSteam Sq Ft Total Building 9849 Sq Ft Total Source Assessor Total Elevators 0

Property Features

Accessibility Features 1st Floor 1/2 Bathroom1St Floor Hrd Surfce FlrAccess RestroomsHard Surface Flooring Area Description Business District Building Number 95 Cable Company Comcast/Xfinity Commercial Features OtherHeat IncludedIn-Unit Bathroom Covenants No Electric Circuit Breaker(S)Fuses Electric Company Vt Electric Co-Op Foreclosed / Bank Owned / REO No Fuel Company Desjarlais Heat Fuel Oil Investment Info Yes Items Excluded All Restaurant Related EquipmentFurnishingsHood FanInventoryEtc. Or All included At $765K. Natural Gas Available No Phone Company Consolidated Comm. Pre Construction No Sale Includes Land/BuildingOther Sewer Public Span Number 435-136-14265 Sub Property Type BusinessInvestmentOfficeOpportunityOtherRetail Sub Property Type Use Food ServiceHistoric BuildingOffice BuildingOtherRetail CondoStorefront Tax Gross Amount 10141.52 Tax Year 2023 Taxes Tbd No Utilities CableGas - Lp/BottleHigh Speed Intrnt -AtsiteInternet - CableTelephone At Site Vacant Land No Water Public Zoning Commercial

Courtesy of Ryan Pronto of Jim Campbell Real Estate: [IDXCONTACTINFORMATION].


© Copyright 2022 New England Real Estate Network, Inc. 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 2022-12-09T16:06:46.3.
 
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Colchester VT, 05446