36 EASTERN AVENUE St. Johnsbury, VT 05819 | Commercial Sale | Investment, Office, Opportunity

$579,900

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0.17 acres
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Jim Campbell Real Estate

Description

Commercial investment opportunity with this 8-unit professional office building in the heart of downtown St. Johnsbury. This property has great rental history and long-term existing leases in place for the majority of the units (income & expense financials available). Built in 1913, this two-story building offers 12,400 sq.ft of office space & common areas above grade and a full basement with an additional 6164 sq.ft that is ideal for storage. Updated utilities to include the boiler, central air and a new roof in 2018 with a 20-year warranty. Additional features include a 3-story elevator, fire alarm system & fully sprinklered building, fiber & cable internet run within the building. This property has 7 parking spaces directly behind the building and several parking permits with the town in the adjoining municipal lot behind the building, as well as on street parking. This is a quality building with great tenants and an overall solid investment.

Property Details

List Price $579,900 Sold Price $579,900 List Date 2021-12-23 Sold Date 2023-03-03 MLS ID 4893869 Status Closed Property Type Commercial Sale Business Type Investment, Office, Opportunity County VT-Caledonia Days on Market 54

structure

accessibility features 1st Floor 1/2 Bathroom, 1st Floor Hrd Surfce Flr, Access Common Use Areas, Multi-Level Bus w/Elevatr, Multi-Level w/4 Ft Stairs, Zero-Step Entry Ramp basement Yes Total Baths 0 building area units Square Feet cooling Central AC, Multi Zone foundation details Concrete heating Baseboard, Hot Air, Multi Zone living area units Square Feet Parking Features Deeded, Off-Site, On-Site, On Street, Parking Spaces 1 - 10, Permit Required roof Membrane stories 2 year built 1913

characteristics

current use Office Building Acres 0 lot size area 0.17 Lot SqFt 7405.0 # of Units 8 view y n No waterfront features No waterfront y n No

tax

tax annual amount 18816.06 tax year 2021 zoning St. Johnsbury

financial

gross income 107924.0 net operating income 51255.55 operating expense 56669.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 3 Buyer Agency Comp. Type % Non-Rep Comp. 3 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 1:08:15 AM (UTC)