Property profile

35 Spring St Newport, NH 03773

FOR SALE
Showrooms
Property ID
US58-0329976
9,117 SF 1.03 ac lot Built 1900
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Total area 9,117 SF
Lot 1.03 ac (45,041 SF)
Zoning code IND I
APN NWPT M:00116 B:072000 L:000000
UPID US58-0329976

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35 Spring St Newport, NH 03773
Newport metro Census 975402 LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2025
Last sale
$137,133
2 recorded transactions
2025
Price N/A
2021
$137,133

Zoning & alternative use

IND I · Newport, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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