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Property profile & analytics
FOR SALE
Industrial land

11 Industrial Dr Newport City, VT 05855

0.2 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US89-0256952
Property summary
AI-generated overview

This exceptional 0.2-acre commercial lot, situated at 11 Industrial Drive in Newport City, Vermont, presents a unique investment opportunity. Located right at the entrance to Industrial Drive, this property boasts a high-traffic location ideal for a variety of businesses. The city of Newport has confirmed the potential for constructing a building up to 1,500 square feet, with ample parking for eight vehicles. The lot offers convenient access via dual roadways and benefits from readily available city utilities. This makes it an attractive option for entrepreneurs seeking a visible and accessible location. The property's strategic placement ensures high visibility and easy access for customers. The asking price is $99,000, and seller financing is available, making this an even more compelling proposition. This is a rare chance to acquire a well-positioned commercial lot in a thriving Vermont community. The versatility of the property makes it suitable for a range of commercial uses, from food trucks to retail establishments. Don't miss this opportunity to establish your business in a high-demand area with excellent potential for growth and profitability. The zip code is 05855.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.2 ac (8,712 SF)
Zoning code I
APN (136) 117022-001
UPID US89-0256952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
JAMES SULLIVAN
JAMES SULLIVAN
Zoning & alternative use
I · Newport, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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