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Investment Highlights

  • Located Along Major Traffic Route
  • Excellent Paved Parking Capacity (Front and Rear Lots)
  • Includes Two Parcels to Maintain a View of Lake Memphremagog
  • Great Signage Opportunity
  • Lots of Natural Light
  • Prior Uses Include Retail/Office (Credit Union, Veterinarians)

Executive Summary

Rare opportunity to acquire a well maintained retail/office building in a highly visible location on 41 Highland Ave in Newport City (VT Route 105). Commercial signage opportunity along major road. Prior uses include Veterinary Office and Credit Union. Easy-to-maintain 0.20 acre parcel features nice landscaping, abundant paved parking with front visitor lot and rear employee lot with access ramp, and a 1524+/- SF office building. Building has two levels and the main floor features 788+/- SF of finished space with bright natural light throughout. There is a large open area for reception and work stations, two private offices (one could be conference room), and a wall A/C unit. The 736+/- SF lower level features two private offices, laundry room with deep sink, private room with shower, private half-bathroom, and utility room. This is an ideal building to relocate your business or move your office out of your home and get some visibility on a major road. All uses will be considered and the building could also be converted into residential. NEWER EXTERIOR PAINT! Inquire today - clean and well cared for building in a prime location at a great price. Also included in the sale is a 0.16 acre parcel on the north side of Highland Ave (SPAN 435-136-14868) and listed tax figures and size includes both parcels factored in. The additional parcel has potential for development but is steeply sloped. Deferred maintenance items that are factored into listing price include main floor windows (moisture seals) and rolled roof (fine now but will need replacement within the next 5 years).

Taxes & Operating Expenses (Actual - 2025)

Annual Annual Per SF
Taxes $6,774,881 $4,445.46
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes
Annual $6,774,881
Annual Per SF $4,445.46
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $6,774,881
Annual Per SF $4,445.46

Property Facts

Price $175,000
Price Per SF $114.83
Sale Type Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
  • Office Medical
  • Office Office Residential
Building Class C
Lot Size 0.20 AC
Rentable Building Area 1,524 SF
No. Stories 2
Year Built 1960
Tenancy Single
Parking Ratio 9.84/1,000 SF
Opportunity Zone Yes
Zoning GR - Newport City - General Residential with continued use as a retail/office building.

Amenities

  • Signage

Utilities

  • Lighting
  • Water - City
  • Sewer - City
  • Heating - Oil (Fired)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 435-136-14868
  • 435-136-14869
Land Assessment
$37,300
Improvements Assessment
$85,500
Total Assessment
$122,800
Annual Taxes
$6,774,881 ($4,445.46/SF)
Tax Year
2025 Payable 2026
  • Listing ID: 40925551

  • Date on Market: 6/15/2026

  • Last Updated:

  • Address: 41 Highland Ave, Newport, VT 05855

Contact the Sale Advisor

41 Highland Ave

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