189 Main StNewport, VT 05855

Property Details for 189 Main St

Year built

1960

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

6,156 SF

Zone code

C

Property type

Retail properties

Property subtype

Other retail properties

APN

(136) 118022

APU

136118022

Description

This exceptional 1,050 square foot office space is located at 189 East Main Street in Newport, Vermont, within a well-maintained commercial plaza. The ground-level unit boasts a spacious open reception area, two private offices with abundant natural light from large windows, a dedicated storage/server/IT room, and a private restroom. Built in 1960, this single-story building offers 8'10" ceilings and sits on a half-acre lot (0.5 acres). The property is zoned commercial and is part of a larger 6,156 square foot building with multiple tenants. Ample paved parking is available on-site, and the location provides excellent visibility and signage opportunities on a heavily trafficked section of East Main Street. Monthly rent of $1,250 includes heat (capped), water/sewer, real estate taxes, insurance, and snow removal. Tenants are responsible for electricity, trash removal, internet, and additional utilities. A long-term lease is preferred, and well-qualified tenants with strong references are encouraged to apply. Ideal for medical practices, general office use, or retail businesses. Immediate occupancy is available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,247,991

  6.5%

  $2,075,069

  7%

  $1,926,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,040,569

  Geo Method

  $2,026,944

• Alternative Use

  Use

  Valuation

  Residential

  $1,750,398

  Hospitality

  $1,603,355

  Educational

  $1,333,973

  Medical

  $1,379,850

  Retail

  $2,075,069

Location Insight

City

Newport

County

Orleans

State

Vermont

Latitude

44.9432

Longitude

-72.2002

Property Tax & Assessments

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