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$1,200,000
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Property Description
Location, Location, Location! Offering 2+ acres of prime commercial acreage with 2 commercial buildings and situated on one of the most heavily traveled intersections in all of Orleans County. This property is zoned commercially and offers plenty of potential for numerous commercial business uses or as a development building site. Situated on a corner lot at a 4-way intersection with city water & sewer and access from both East Main St and Sias Ave. The 2-unit building at 487 East Main offers 2400+sq.ft and is currently leased as office space (formerly a general store on the main level) and a second floor apartment & 27 Sias Ave is a 2-unit building with 2200+sq.ft and is currently leased as two residential apartments. Adjoining single family home on .24 acres is negotiable. The entire lot is mostly open acreage with plenty of parking and a large open lawn area off from Sias Ave. This is a highly desirable location for many uses and is well worth a look today.
Full Property Details
Full Property Details for 487 E Main St
General
- Price: $1,200,000
- Taxes: $14,776 (2025)
- Status: Active
- Type: Commercial Investment
- Source: NNEREN
- MLS ID: 4908592
- Updated: 10/3/2024
- Added to Site: 1, 009 day(s) ago
Parking
- Parking: Driveway, On-Site, Paved
Location
- County: Orleans
- Driving Directions: Interstate 91 to Exit #27 towards Newport. At the bottom of the hill/first set of lights, turn right up Western Ave. Follow to the top of the hill and at the 4-way intersection, this property is straight ahead on the corner of East Main & Sias Ave.
Utilities
- Sewer: Public
Structural Information
- Basement Entrance: Interior
- Basement Desc.: Full, Unfinished
- Square Feet: 4,600
- Year Built: 1885
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 2.12
- Lot Size (Sq. Ft.): 92,347
- Frontage: Yes Road Frontage
- Frontage Feet: 544
- Zoning: Commercial
Financial Considerations
- Price Per Sq. Ft.: $260.87
- Tax Amount: $14,776.48
- Tax Year: 2025
Timeshare
- Fractional Own: Adequate
Disclosures and Reports
- Documents Avail.: Deed, Property Disclosure, Tax Map
- APN: 435-136-15911
Listed by Jim Campbell Real Estate, Ryan Pronto
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Price & Sales History for 487 E Main St
Date
Details
Price
Change
Source
5/06/2022
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 487 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,628
173%
$79,600
—
2021
$2,425
4%
$79,600
—
2019
$2,342
2%
$79,600
—
2018
$2,301
7%
$79,600
—
2017
$2,160
-37%
$79,600
-30%
2016
$3,403
-3%
$113,400
—
2015
$3,523
1163%
$113,400
—
2011
$279
—
$113,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 487 E Main St
487 East Main Street, Newport City, VT 05855 (MLS# 4908592) is a Commercial Investment property. 487 East Main Street is currently listed for $1,200,000 and was received on May 06, 2022. Want to learn more about 487 East Main Street? Do you have questions about finding other Commercial Investment real estate for sale in Newport City? You can browse all Newport City real estate or contact a Coldwell Banker agent to request more information.