189 Main St Newport, VT 05855
- Retail properties
- 6,156 SF
- 0.50 lot acres
Current Use by Public Records
- Kingdom Chiropractic, Paul Berard, DC / Chiropractor
- Paul Berard, DC - Kingdom Chiropractic at Newport / Chiropractor / Rehabilitation Center
- T N T Explosive Tattoo / Tattoo And Piercing Shop / Body Piercing Shop
- Northeast Schools-Hospital CU / Credit Union / Atm
- Growing Minds PC- Pavel Malm, LCMHC / Mental Health Service / Counselor
Property Details for 189 Main St
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.50 lot acres
- Property size
- 6,156 SF
- Zone code
- C
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $425,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $415,000
- Mixed-Use
- $510,000
- Hospitality
- $455,000
- Educational
- $470,000
- Residential Income
- $405,000
- Energy
- $400,000
- Income-Based Land
- $455,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Orleans
- State
- Vermont
- Longitude
- -72.2002
- Latitude
- 44.9432
