Lake Homes Realty
Enter City or Zip

95 main

Newport City, VT 05855

$695,000

0.1 AC LOT
Image 1
Acreage 0.1
Status Off Market
MLS # 4934233
County Orleans
More Info
Status Off Market
Acreage 0.1
MLS # 4934233
County Orleans
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.
Location not available

Exterior Features

  • Construction Masonry
  • Siding Brick
  • Roof Membrane
  • Garage No
  • Garage Description Off-Site, On Street, Other
  • Water Public
  • Sewer Public

Interior Features

  • Heating Hot Water, Steam
  • Cooling Wall AC Units
  • Basement Concrete Floor, Full, Partially Finished, Stairs - Interior, Storage Space, Interior Access, Exterior Access
  • Year Built 1902

Financial Information

  • Zoning Commercial

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