An exceptional Commercial investment opportunity in the heart of Newport, a turn-key property offering immediate cash flow and strong long-term stability.
The offering includes a 13,669 sq ft brick commercial building situated on a generous 4.19-acre lot. The property boasts multiple commercial tenants, and a rented one-bedroom apartment, ensuring diverse income streams from day one.
Constructed in 1950 and extensively remodeled in 1992, this property has seen significant recent capital improvements. These upgrades include a newer roof and oil tanks, a complete newer heating system installed in 2018 and in 2022, new water heater in 2020, updated rooftop HVAC units (for both heating and air conditioning) in 2018, energy-efficient LED lighting, and substantial electrical enhancements. Additionally, many newer windows and doors have been installed, and newer flooring has been laid in the lobby and west wing, further enhancing its value and appeal.
Key features of this property include ample paved parking, excellent visibility from a prime location, and a strong, proven tenant history. This is an ideal low-maintenance investment for either owner-users or investors looking for a stable, income-producing commercial asset within the desirable Upper Valley region. In-person group tours will be provided Saturdays and Sundays upon request.