41 Highland Ave - Warehouse FOR SALE


Newport, VT 05855
$175,000 USD
802-334-3400
41 Highland Ave, Newport, VT for Sale
$175,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

NEW


41 Highland Ave
Newport, VT 05855


HIGHLIGHTS

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

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Oil (Fired)

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.2

LAND SF

8,712

ZONING

GR

APN/PARCEL ID

435-136-14869

ASK ABOUT THIS PROPERTY

Dexter DegreJim Campbell Real EstateMore Info
802-334-3400

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Dexter DegreJim Campbell Real EstateMore Info
802-334-3400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.