11 Industrial Dr Newport City, VT 05855
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I · Newport, VTNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.