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Listed by Ryan Pronto of Jim Campbell Real Estate

Fully leased and profitable 3-Unit investment property / commercial building on Main St. in beautiful downtown Newport, VT. Great income producing property currently averaging approx. a 10% return on investment. The street level features Unit #1 that is leased to a long term breakfast/lunch restaurant with 1500+ sq.ft and Unit #2 is a 1600sq.ft leased to a retail store. Unit #3 offers a 3500sq.ft fully equipped restaurant/bar space with a professional kitchen, is located on the walkout lower level with access in the rear of the building and is leased to a long term wholesaler type of tenant. List price includes a valuable amount of restaurant equipment; refrigerators, freezers, deli unit, pizza oven, griddle, 10 burner stove with ansul system, booths, tables, walk-in refrigerator, many kitchen appliances, prep areas, and much more (call for detailed inventory list). This is a well maintained property with a new roof installed in July 2019. Downtown offers ample on street parking, several municipal parking lots and this property offers direct access to the city owned parking lot in the rear of this building. There are many opportunities with this building & location.

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 January 19, 2020.

 

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