95 Main StreetNewport City, VT 05855Price: $695,000

  • Price: $695,000
  • 47 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $695,000List Price
  • 0.1Acreage
  • 9,849Square Feet
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.
Listed by Ryan Pronto of Jim Campbell Real Estate
Broker Reciprocity

Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. 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 December 4, 2022 7:39 PM EST.

 

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