Kris Labrake

REALTOR® | Lic# 070372

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Listed by Marie Lovell • Coldwell Banker LIFESTYLES - Sunapee • Cell: 603-558-8393
Bought with Marie Lovell • Coldwell Banker LIFESTYLES - Sunapee

$ 777,000

Est. payment | -/mo

16,864 SqFt

$ 777,000

Est. payment | -/mo

16,864 SqFt

Key Details

Sold Price $777,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 16,864 sqft

Price per Sqft $46

MLS Listing ID 5068394

Sold Date 06/05/26

Year Built 1951

Annual Tax Amount $14,476

Tax Year 2025

Lot Size 4.200 Acres

Acres 4.2

Property 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.

Location

State NH

County Nh-sullivan

Area Nh-Sullivan

Zoning 12 - R110 SINGLE FAM RES

Rooms

Basement Entrance Walkout

Basement Apartment(s), Concrete, Concrete Floor, Daylight, Finished, Full, Insulated, Interior Stairs, Assigned Storage, Locked Storage, Storage Space, Walkout, Interior Access, Exterior Access, Basement Stairs

Interior

Cooling Blowers, Other

Exterior

Utilities Available Cable Available

Roof Type Membrane,Other

Building

Sewer Public

Nearby Locations

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Kris Labrake

REALTOR® | Lic# 070372

krislabrake@kw.com

+1(603) 715-6866

85 S Main St, Concord, NH, 03301, USA

167 Summer ST Newport, NH 03773

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Key Details

Location

Rooms

Interior

Exterior

Building

167 Summer ST