7 SEYMOUR STREET Middlebury, VT 05753 | Commercial Sale | Office

$400,000

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0.18 acres
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Description

In-town opportunity to own a multi-unit office building with good rents and good tenants. One unit was left unrented for purposes of sale. Prime location within walking distance to town, lunch spots, coffee shops and the many retail shops in downtown Middlebury. Believed to be one of the oldest houses in Middlebury, the current owners have restored many aspects of the home and updated the plumbing and electric during their ownership. It's estimated that the second floor was added in the 1820's, 12 over 8 windows with interior storms, birch floors (some have been recently refinished). Each of the 4 spaces on the 1st floor share a 1/2 bathroom. The second floor is divided into two spaces but is currently rented by one person (she uses one as an office and one space as a waiting room) and also includes another 1/2 bath in the hallway. Basement is accessible from office unit #2 but also a bulkhead. Dirt floor, wet basement mitigated with the use of a sump pump. Parking behind the building as well as many spaces on Seymour Street. Sign out in front of the building with business names. Fire Dept has a ROW over existing driveway.

Property Details

List Price $415,000 Sold Price $400,000 List Date 2022-04-20 Sold Date 2022-06-03 MLS ID 4906042 Status Closed Property Type Commercial Sale Business Type Office County VT-Addison Days on Market 22

structure

basement Yes Total Baths 0 building area units Square Feet cooling None Features Exterior Business Type Office foundation details Marble, Stone heating Forced Air living area units Square Feet Parking Features Driveway, On-Site, On Street roof Metal, Shingle - Asphalt stories 2 year built 1787

characteristics

current use Office Building Acres 0 lot size area 0.18 Lot SqFt 7841.0 # of Units 6

tax

tax annual amount 5167.08 tax year 2021 zoning VRC

financial

gross income 31000.0 net operating income 17157.0 operating expense 13842.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Non-Rep Comp. 2.5 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 1:03:36 AM (UTC)