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About This Home

This 0-bedroom, 0-bathroom single family at 487 E Main Street in Newport, VT is listed for $1,200,000. Built in 1885, on a 2.12 acres lot.

Agent Description

Location, Exposure, and Untapped Potential! This prime 2.04-acre commercial development site is located at one of the busiest 4-way intersections in Orleans County and offers exceptional visibility with dual frontage on both East Main St and Sias Ave.

Zoned commercially and with city water and sewer available, the property provides easy access and is perfect for a wide range of commercial development uses. The site currently features two fully leased buildings totaling over 4,600 sq ft, with 487 East Main St offering 2,400+ sq ft of ground-floor office space (formerly a general store) and an upstairs apartment, while 27 Sias Ave has a 2,200+ sq ft duplex with two residential apartments.

The lot also provides open, level acreage with plenty of room to expand, develop, or reconfigure for new uses. This location offers endless possibilities, from retail plazas and medical offices to restaurants, mixed-use developments, or national chains.

The existing income stream allows for cash flow while you plan your project. Note: An adjacent single-family home on .24 acres is not included in the sale but may be negotiable at an additional price. Don't miss this rare opportunity in a high-visibility corridor-bring your vision and capitalize on this development potential!

Key Features

  • Built in 1885
  • 2.12 acre lot

Property Details

1885

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

487 E Main Street

Newport, VT 05855

Property Details

Construction

Wood Frame Other Exterior Vinyl Siding

Parking

Driveway

Questions & Answers

This 0-bedroom, 0-bathroom single family at 487 E Main Street is listed at $1,200,000. The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

Key features include: Built in 1885, 2.12 acre lot.

This property is listed by Ryan Pronto and can be reached at 802-334-3400 or jimmyc@jimcampbellrealestate.com.

RP

Ryan Pronto

Agent at Jim Campbell Real Estate

(802) 334-3400

Listed by Jim Campbell Real Estate

MLS# 5049279· Source: listhub· Updated 359 days ago

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487 E Main Street, Newport, VT 05855

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