125 Main Street Ct Newport, VT 05855
This 1,600 sq ft ground-level retail space at 125 Main Street in Newport, Vermont, is available for lease starting June 1, 2024. Located in the heart of Newport's business district, this single-tenant space boasts approximately 18' wide x 58' deep of open area, plus a 20' x 29' back room featuring two dressing rooms and a kitchen area with sink, cabinets, and counters. The unit includes a private half bath, high ceilings, large bright front windows, and excellent street visibility, making it ideal for a variety of retail uses, such as a gift shop, clothing boutique, or similar business. Ample street parking is available. The monthly rent of $1600 includes heat, a capped amount of electricity, air conditioning, water, sewer, and taxes. The property sits on a 0.09-acre lot and is part of a larger 7,190 sq ft building constructed in 1978. The space is zoned for commercial use within Newport's Business District. Landlords prefer long-term leases to well-qualified tenants with references. This is a clean, well-maintained space with great potential in a high-traffic location. The building is a single-story structure.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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