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Listed by Ryan Pronto of Jim Campbell Real Estate
Historic building with an exceptional corner lot location on Main Street in downtown Newport, VT. Great investment property with numerous leases currently in place and a rental history on file. The sellers own and operate the restaurant (Lago Trattoria) on the street level and are willing to secure a multi-year lease should the new owners desire such (business, equipment, inventory, etc. avail. as a package for $765K). The restaurant utilizes the full basement for a prep kitchen, walk-in cooler, storage, etc. and there is an additional small storefront leased area on the street level. Large and bright rental units on the second floor, consisting of 9 rooms total, most have potential to be leased individually or combined for larger adjoining suites. This Historic property is in good overall condition from the brick exterior to the updated heating & electrical systems and the restoration of the original hardwood floors throughout. Ideal property for numerous types of businesses with the high traffic count, foot traffic, visibility and great signage exposure. This property is well known for the Mcclintock clock on the corner of the building and is owned by sellers/included in the sale. Great opportunity for investors and/or entrepreneurs alike to establish their own business, while joining in with all the revitalization of downtown Newport. Shown by appointment.

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