167 Summer Street Newport NH Commercial For Sale $777000

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167 Summer Street Newport NH
Listed by Marie Lovell Coldwell Banker LIFESTYLES - Sunapee

Description:

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.
Sale Includes : Land/Building

Features:

Income
Net Income| 42464
Gross Income| 97044
Management Expense: $0
Insurance Expense : $0

Propery Information:

Construction Information:
Year Built: 1951
Brick Exterior
Price Per SQ.FT. 56.84 No. of Units: 8
Building Size : 13669
Available SQFT : 16864

ExteriorRoof: Membrane | Other

Land Information

Lot size: 4.2 acres
Zoned: 12 - R110 SINGLE FAM RES
Surveyed: Yes
Flood Zone: No
No. of Docks | 0.

UtilitiesHeating: Hot Air | Hot Water
Cooling: Blowers | Other
Electric: Circuit Breaker(s) | Fuses
Utilities: Cable Available
AC % | 0.

Additional Information

Docs Available : Blueprints | Deed | Property Disclosure | Survey | Tax Map
Easement - No
Taxes $14,476
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
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