487 East Main Street Newport City, VT $ 1,200,000
487 East Main Street
$ 1,200,000
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487 East Main Street

Newport City, VT, 05855
$ 1,200,000
Baths0.0 Sq 4,600

Monthly Estimate*

$ 8,382

Listed by Ryan Pronto, Jim Campbell Real Estate, 802-334-3400, Ryan@jimcampbellrealestate.com
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Studio

Commercial Property for sale in Newport City, VT

for $1,200,000. This 4,600 square foot building was built in 1885 on a lot size of 2.12.

Location, Location, Location! Offering 2+ acres of prime commercial acreage with 2 commercial buildings and situated on one of the most heavily traveled intersections in all of Orleans County. This property is zoned commercially and offers plenty of potential for numerous commercial business uses or as a development building site. Situated on a corner lot at a 4-way intersection with city water & sewer and access from both East Main St and Sias Ave. The 2-unit building at 487 East Main offers 2400+sq.ft and is currently leased as office space (formerly a general store on the main level) and a second floor apartment & 27 Sias Ave is a 2-unit building with 2200+sq.ft and is currently leased as two residential apartments. Adjoining single family home on .24 acres is negotiable. The entire lot is mostly open acreage with plenty of parking and a large open lawn area off from Sias Ave. This is a highly desirable location for many uses and is well worth a look today.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,886

Style

Business,Investment,Opportunity

Lot Size

2.12

Year Built

1885

Town/City

Newport City

County/Region

Orleans

MLS | Web ID

4908592

Features
Interior
Basement Description Full Unfinished
Basement Yes
Total Number of Units 4
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General
Road Frontage Yes
Sewer Public
Utilities Cable - Available DSL - Available Telephone At Site
Parking Driveway On-Site Paved
Flood Zone No
Zoning Commercial
Status Active
Year Built 1885
Electric Circuit Breaker(s)
Tax Year 2023
Area VT-Orleans
Seasonal No
Area Description Commercial Zoning In Town Near Country Club Near Golf Course Near Shopping Near Hospital
Price Per Sq Ft 260.87
Tax Gross Amount 8886.4
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Exterior
Lot Size Area 2.12
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* Excluded Features
List By
Ryan Pronto

Listing Agent

Jim Campbell Real Estate

Broker

(802) 334-3400

Phone

Ryan@jimcampbellrealestate.com

Email

Affordability Calculator

$9,123
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$741
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
451920 Elementary School
452237 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2023$1,200,000 Listed Price

Map


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487 East Main Street, Newport City, VT, 05855 is a Commercial Property for sale at $1,200,000 with 4,600 sqft and a lot size of 2.12. 487 East Main Street is a studio with 0.0 baths and was built in 1885. The property's zip code is 05855 which is in Newport City, VT