148 Prouty Dr Newport City, VT 05855
For Sale
1 / 53
This exceptional 23,511-square-foot, single-story brick building presents a unique opportunity in Newport, Vermont. Situated on a secluded 4.6-acre lot, this property boasts mature landscaping and ample parking. Previously a 60-bed nursing home/facility, the building offers extensive interior space, including multiple reception areas, administrative offices, a full commercial kitchen, dining lounge, 4 single-occupancy rooms with private baths, 28 double-occupancy rooms with shared baths, a hair salon room, activity room, snack room, commercial laundry room, a physical therapy room, a large nursing station, medical closet, staff lounge, multiple large washrooms, maintenance crib, storage and supply closets, and dedicated mechanical and electrical rooms. Additional features include a two-car garage/maintenance shop, miscellaneous storage, and a medical waste shed. The property benefits from city water and sewer, robust 3-phase power (400 amp, 600V), a backup propane generator, and a wet sprinkler system. Zoned PHO (Newport, VT - Public Health Office), the property's approved uses are detailed in supplemental documents. Its strategic location offers close proximity to North Country Union High School and North Country Hospital, with nearby recreational trails. While the landlord prefers a long-term lease to a single, qualified tenant, the space can be subdivided.
-
Newport Health Care & Rehab Medical Clinic
-
Dr. Mark C. Meredith, MD Physician
This district is designed principally for residential development. Areas that it covers have either municipal water and sewer services available or are where the installation of these facilities on-site is feasible. Residential and other compatible and complementing uses are permitted in this district at densities dependent upon municipal water and sewer ava…
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
GR · Newport, VTThis district is designed principally for residential development. Areas that it covers have either municipal water and sewer services available or are where the installation of these facilities on-site is feasible. Residential and other compatible and complementing uses are permitted in this district at densities dependent upon municipal water and sewer availability. This district is intended to house the majority of the community's permanent residents at densities consistent with the utilities provided.
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.
