Properties Near 668 Prouty Drive Derby, VT

Restore Properties
For sale in Newport, VT – a versatile standalone commercial building offering approximately 5,550 sq.ft. of space on 1.27 acres. The first floor spans about 4,400 sq.ft. and includes four large classrooms, eight offices, a kitchen area, and four handicap-accessible bathrooms. The building is fully wheelchair accessible and features 36" fire-rated doors throughout for safety and code compliance. The second floor offers an additional 1,150 sq.ft. that could be used as office space or converted to an apartment, though it will need some cosmetic updates. Recent upgrades include new siding, a new shingled roof, updated flooring on the main level, fresh interior paint, and many new windows. Formerly used as a school and previously as a grocery store, this flexible space is ideal for a wide range of uses such as daycare, professional offices, senior housing, light manufacturing, religious or recreational use—located in Newport City’s Urban Residential (UR) zoning district. Features include ample parking, public water and sewer, and existing fire and security alarm systems. Conveniently situated within walking distance to downtown, this property offers outstanding potential for both investors and owner-users.
Unique opportunity– 4,000+ sq.ft. building on a highly visible corner lot in a prime location. The main level offers 2,046 sq.ft., featuring a spacious open area with 8’–14’ ceilings, two private offices, a front entrance, and additional storage. The mostly finished lower level includes a large open area, small kitchenette, two offices, two bathrooms, and a utility room—providing flexibility for a variety of uses. Zoning allows for a wide range of conditional uses, including a clinic, function hall, church, residential care facility, private school, recreational use, public facility, restaurant, senior housing, and more! Set on a generous 0.75-acre lot, the property offers ample parking, open lawn space, and excellent visibility for signage. The property is serviced by a private well and septic system—making it an ideal opportunity for owner-occupants or investors. Also available for lease (MLS# 5046264).
Exceptional commercial opportunity in downtown Newport with owner financing available. The existing configuration offers 24,000+/- sq. ft. of retail space and income-generating potential with several leasable business spaces. Features include a high-traffic location, three renovation-ready apartment units, dedicated office space, and a three-bay oversized garage. Formerly home to a prominent furniture business, this property is currently utilized for self-storage/liquidation, with potential for warehouse conversion, or operation as an automotive repair shop. Additional highlights include multiple loading docks, and 4000+ sq. ft. of paved onsite parking adjacent rail access. With unbeatable visibility and accessibility to Newport’s downtown, this is truly all about location.

© 2026 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice.