Commercial lease space available immediately on Main Street in downtown Newport. With all the foot-traffic downtown, this space is ideal for most any type of retail store, restaurant, gift shop, clothing boutique, office, bakery, cafe, etc. Most recent previous tenants include a successful restaurant serving breakfast & lunch, a pizzeria, etc. With seating for 30+, this is an attractive opportunity for a chef/owner or a restauranteur looking for a new investment. If desired to be leased as a restaurant, the landlord has some equipment already that can be negotiable in the lease to include: hood system, refrigerator, freezer, prep stations, sink, booths, chairs, etc. This is a ground level unit consisting of approximately 1500 sq.ft. mainly open space with a kitchen area, back office and 2 half baths. High ceilings, large bright front windows, ample parking on the street, great visibility and signage available. This is a high traffic location with plenty of opportunity to grow or expand most any business. Available immediately at $1,600.00 per month and includes heat, water, sewer and taxes. Tenants pay their own electric, AC expenses, etc. Landlord prefers a long-term lease to well qualified tenants with references. Additional 1600sq.ft available for lease in adjoining unit if desired, see MLS#4994882.
Details
MLS#
4995057
Listing Type
For Lease
Suite Number
2
Sub-Type
Resale
Status
Active
Year
1978
Days On Site
121
Listing Provided By
Jim Campbell Real Estate | Ryan Pronto
Features
SQ Feet
1,500
Units
3
Zoning
Newport
Acreage
0.09
Market Activity 05855
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2024
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $28,000
Max Sale Price: $28,000
Med Sale Price: $28,000
Date: Jul 2024
Sales: 4
Avg $ Per SqFt: $94.93
Min Sale Price: $75,000
Max Sale Price: $240,000
Med Sale Price: $164,625
Date: Jun 2024
Sales: 12
Avg $ Per SqFt: $90.6
Min Sale Price: $21,500
Max Sale Price: $310,000
Med Sale Price: $141,250
Date: May 2024
Sales: 12
Avg $ Per SqFt: $127.51
Min Sale Price: $9,900
Max Sale Price: $632,000
Med Sale Price: $228,750
Date: Apr 2024
Sales: 12
Avg $ Per SqFt: $106.12
Min Sale Price: $81,500
Max Sale Price: $412,500
Med Sale Price: $222,250
Date: Mar 2024
Sales: 8
Avg $ Per SqFt: $151.73
Min Sale Price: $20,000
Max Sale Price: $510,000
Med Sale Price: $137,000
Date: Feb 2024
Sales: 8
Avg $ Per SqFt: $20.9
Min Sale Price: $18,900
Max Sale Price: $220,000
Med Sale Price: $39,950
Date: Jan 2024
Sales: 7
Avg $ Per SqFt: $69.04
Min Sale Price: $17,000
Max Sale Price: $149,000
Med Sale Price: $21,000
Date: Nov 2023
Sales: 4
Avg $ Per SqFt: $157.34
Min Sale Price: $176,000
Max Sale Price: $290,000
Med Sale Price: $227,500
Date: Oct 2023
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $19,500
Max Sale Price: $19,500
Med Sale Price: $19,500
Date: Sep 2023
Sales: 2
Avg $ Per SqFt: $104.3
Min Sale Price: $485,000
Max Sale Price: $1,250,000
Med Sale Price: $867,500
Sourced by Back At You
Aug 2024
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$28,000
Max Sale Price:
$28,000
Med Sale Price:
$28,000
Jul 2024
Sales:
4
Avg $ Per SqFt:
$94.93
Min Sale Price:
$75,000
Max Sale Price:
$240,000
Med Sale Price:
$164,625
Jun 2024
Sales:
12
Avg $ Per SqFt:
$90.6
Min Sale Price:
$21,500
Max Sale Price:
$310,000
Med Sale Price:
$141,250
May 2024
Sales:
12
Avg $ Per SqFt:
$127.51
Min Sale Price:
$9,900
Max Sale Price:
$632,000
Med Sale Price:
$228,750
Apr 2024
Sales:
12
Avg $ Per SqFt:
$106.12
Min Sale Price:
$81,500
Max Sale Price:
$412,500
Med Sale Price:
$222,250
Mar 2024
Sales:
8
Avg $ Per SqFt:
$151.73
Min Sale Price:
$20,000
Max Sale Price:
$510,000
Med Sale Price:
$137,000
Feb 2024
Sales:
8
Avg $ Per SqFt:
$20.9
Min Sale Price:
$18,900
Max Sale Price:
$220,000
Med Sale Price:
$39,950
Jan 2024
Sales:
7
Avg $ Per SqFt:
$69.04
Min Sale Price:
$17,000
Max Sale Price:
$149,000
Med Sale Price:
$21,000
Nov 2023
Sales:
4
Avg $ Per SqFt:
$157.34
Min Sale Price:
$176,000
Max Sale Price:
$290,000
Med Sale Price:
$227,500
Oct 2023
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$19,500
Max Sale Price:
$19,500
Med Sale Price:
$19,500
Sep 2023
Sales:
2
Avg $ Per SqFt:
$104.3
Min Sale Price:
$485,000
Max Sale Price:
$1,250,000
Med Sale Price:
$867,500
MLS Number: 4995057
Ryan Pronto – (802) 334-3400 – ryan@jimcampbellrealestate.com
Jim Campbell Real Estate – (802) 334-3400 – ryan@jimcampbellrealestate.com
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MLS Number: 4995057
Ryan Pronto – (802) 334-3400 – ryan@jimcampbellrealestate.com
Jim Campbell Real Estate – (802) 334-3400 – ryan@jimcampbellrealestate.com