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38 ELM STREET Montpelier, VT 05602 | Commercial Sale | Hospitality, Office, Other

$625,000

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Lori Holt

BHHS Vermont Realty Group/Montpelier
802-223-6302
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9061 sqft.
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BHHS Vermont Realty Group/Montpelier

Description

Historic Downtown Montpelier mixed use Commercial building with more than 9,000 square feet of above-grade square feet, located in the Urban 1 Zoning District. Located just around the corner from the Washington County Court House, Post office, shopping district amenities, and a stone's throw from the State House. Established restaurant with existing lease has 20-yr history in this location. Vacant office space on 2 levels, plus a third floor apartment has been rented previously by single tenant at $7,850/month. Vacant as of 8/1/20. Rubber membrane roof (2019) and Asphalt shingle (2015); Central heat (2019). Separate electric. Heat included in rent. Tenant handles snow and trash removal. OWNER FINANCING available to qualified buyers with $100K down, and will match the bank rates!

Property Details

List Price $775,000 Sold Price $625,000 List Date 2020-07-22 Sold Date 2020-10-01 MLS ID 4818661 Status Closed Property Type Commercial Sale Business Type Hospitality, Office, Other County VT-Washington Days on Market 60

structure

accessibility features 1st Floor 1/2 Bathroom basement Yes Total Baths 0 building area total 9061.0 building area units Square Feet cooling None Features Exterior Business Type Hospitality, Office, Other foundation details Block, Stone heating Hot Water living area 9061.0 living area source Public Records living area units Square Feet Parking Features Off-Site, On Street roof Membrane, Shingle - Asphalt stories 3 year built 1860

characteristics

current use Free Standing Building, Office Building Acres 0 lot size area 0.14 Lot SqFt 6098.0 # of Units 3

tax

tax annual amount 16523.72 tax year 2019 zoning Urban 1

financial

gross income 133200.0 net operating income 53600.0 operating expense 69600.0

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 3/18/2024 10:37:44 PM (UTC)
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Lori Holt

BHHS Vermont Realty Group/Montpelier
802-223-6302



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