17 John Stark HwyNewport, NH 03773

  • Commercial real estate
  • 19,630 SF
For Sale
$1,500 View listing

Property Details for 17 John Stark Hwy

Year built
1962
Lot size
3.77 AC
Property size (Sq ft)
19,630 SF
Zone code
B2 H
Property type
Commercial real estate
APN
NWPT M:00114 B:129000 L:000000
APU
NWPTM00114B129000L000000

Description

This exceptional 1,900 square foot end unit, located within the Newport Plaza, presents a fantastic opportunity for a variety of businesses. Situated at 17 John Stark Highway in Newport, NH, this property benefits from a prime location adjacent to the New London Health Center and directly across the street from established businesses such as McDonald's, Big Lots, and Shaw's supermarket. This ensures high visibility and significant foot traffic, ideal for retail, office, or hospitality ventures. The space is available with a three-year lease agreement offering a structured rental increase over the term. Year one rent is $1,500 per month, escalating to $1,700 per month in year two and $1,900 per month in year three. The property itself is an end unit within the plaza, offering potential advantages in terms of visibility and accessibility. This is a rare opportunity to secure a well-located commercial space in a thriving area with established anchor tenants. The lease terms provide a predictable and manageable financial plan for the tenant, allowing for business growth and stability. Interested parties should inquire promptly to secure this desirable space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,097,814
    Hospitality
    $3,753,576
    Educational
    $3,122,931
    Medical
    $3,230,334
    Retail
    $4,857,893
17 John Stark Hwy, Newport, New Hampshire

Location Insight

City
Newport
County
Sullivan
State
New Hampshire
Latitude
43.3596
Longitude
-72.1773
CBSA code
30100
CBSA name
LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,285
$689,900
$891,300
$1,581,200
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-
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