Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IND I · Newport, NHZoning
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Zoning designation
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