35 Spg St, Newport, NH 03773-1830
This exceptional 12,504 square foot commercial property at 35 Spring Street in Newport, NH, presents a unique investment opportunity. Situated on a 1.03-acre lot, this historic building boasts a rich history, having housed various successful businesses including a salvage company, dance club, clothing manufacturer, and even served as the home of Hollywood star Billy B. Van. The property's versatility is undeniable, with potential uses ranging from furniture stores and manufacturing plants to car sales, convention centers, wedding venues, distribution centers, or even a restaurant. The main building offers nearly 10,000 square feet of space, complemented by a full 4,200 square foot basement with a poured concrete floor and an attached garage. An additional 8,304 square foot barn with a two-bedroom apartment is also included. The property's location just off high-traffic Route 11 ensures excellent visibility and accessibility. Ample parking is possible, with room to develop 20+ parking spaces. The seller is motivated and prefers a quick cash closing. This property represents a rare chance to acquire a substantial commercial space with significant historical character and immense redevelopment potential. Serious inquiries are welcomed, and the seller encourages creative and innovative business plans.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
IND I · Newport, NHNewport. Always verify with local authorities before improvements.
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.