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Listed by Marie Lovell • Coldwell Banker LIFESTYLES - Sunapee • Cell: 603-558-8393
$ 915,000
Est. payment /mo
Active
167 Summer ST Newport, NH 03773
16,864 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,864 sqft
Price per Sqft $54
MLS Listing ID 5068394
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, fully leased 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 new roof and oil tanks, a complete new heating system, updated rooftop HVAC units (for both heating and air conditioning), energy-efficient LED lighting, and substantial electrical enhancements. Additionally, many new windows and doors have been installed, and new 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. Showings begin at the Saturday group showings on the 11/8th!
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
Inclusions Land/Building
Exterior
Utilities Available Cable Available
Roof Type Membrane,Other
Building
Sewer Public
