23 EAST MAIN STREET Newport City, VT 05855 | Commercial Sale | Development, Opportunity, Other, Vacant Land

$187,000

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1232 sqft.
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Jim Campbell Real Estate

Description

Highly desirable commercial property, building site or residential property; located at one of the busiest intersections in all of Orleans County! This commercially zoned property offers prime development potential with city water & sewer and is comprised of two parcels of land. The house-site consist of .54 acres and a vacant lot with .42 acres, for a total of .96 acres of land. Located within the Newport Opportunity Zone, offering potential for substantial tax benefits for real estate developers/investors. The existing structure is fully livable and consist of a 1232 sq.ft, 2-story home, built in 1860, with character in the original hardwood floors & trim work throughout. Offering potential to be utilized as a single family home, home-based business, commercial office and/or retail property. Detached 3-story barn structure and a 2-car garage also on-site. The land slopes in the rear and offers a large amount of fill that could be excavated to make this a fairly level, spacious and fully usable site. This is a prime location for many uses and is well worth a look today. Also available with the house, garage and barn on .54 acres at $179,000, see MLS#4897677.

Property Details

List Price $250,000 Sold Price $187,000 List Date 2022-02-10 Sold Date 2023-08-07 MLS ID 4897728 Status Closed Property Type Commercial Sale Business Type Development, Opportunity, Other, Vacant Land County VT-Orleans Days on Market 477

structure

basement Yes Total Baths 0 building area total 1232.0 building area units Square Feet foundation details Granite, Other heating Hot Air living area 1232.0 living area source Assessor living area units Square Feet roof Shingle year built 1860

characteristics

Acres 0 lot size area 0.96 Lot SqFt 41818.0 # of Units 1

tax

tax annual amount 6600.94 tax year 2023 zoning Commercial

contract

foreclosure y n No

compensation

Buyer Agency Comp. 3 Buyer Agency Comp. Type % Non-Rep Comp. 3 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 10:22:06 PM (UTC)