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375 E Main St 2,464 SF 100% Leased Office Building Newport, VT 05855 $219,900 ($89.25/SF)
Investment Highlights
- Lots of natural light
Executive Summary
Check out this exceptional leased office space offering visibility, character, and versatility in a high-traffic location just minutes from Lake Memphremagog, downtown Newport, shopping, gas, groceries and so much more! This historic building sits proudly on a 0.16-acre lot and loaded with potential. The layout features a generous 1,478 sq ft on the main floor, a 986 sq ft second level, and ample attic, basement and garage storage. The building has solid mechanics &systems with many updates / upgrades in the last decade providing confidence to a future owner. This property also offers a corner lot providing great street presence with paved off-street parking and walkability to local amenities. This building is leased through May 2027 to a long term tenant. Tenant pays $1800/m and for electric, heat and trash removal. This is a great opportunity to purchase an investment with an existing tenant. The building offers flexibility and value. Don't miss out on this turn-key investment in a growing community. Reach out today to schedule a tour or explore this opportunity!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,464 SF
Building Class
C
Year Built
1890
Price
$219,900
Price Per SF
$89.25
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
821 SF
Building FAR
0.38
Lot Size
0.15 AC
Opportunity Zone
Yes
Parking
4 Spaces (1.62 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 435-136-15121 | Improvements Assessment | $129,400 |
| Land Assessment | $72,400 | Total Assessment | $201,800 |
Property Taxes
Parcel Number
435-136-15121
Land Assessment
$72,400
Improvements Assessment
$129,400
Total Assessment
$201,800
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375 E Main St
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