80-84 NORTH MAIN STREET St. Albans City, VT 05478 | Commercial Sale | Investment

$700,000

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5
4050 sqft.
Paul Poquette Realty Group, LLC Logo
Listing Courtesy of
Paul Poquette Realty Group, LLC

Description

Great investment opportunity in this 3 story Downtown mixed use commercial building. Comprised of 2 retail storefronts on the ground floor, 4 residential apartments on the 2nd floor, and a vacant 3rd floor in need of renovation. Building also has a full basement divided into two spaces providing plenty of storage for the ground floor businesses. In addition to ample street parking there are 4-5 on site parking spaces at the rear of the building and a nearby municipal lot. Two new tenants just signed 5 year leases for the first floor storefronts and will begin renovation/fit up very shortly. The 3rd floor is 4,000 sq. ft. with 2 bathrooms and almost entirely open space with 16' ceilings. Bring your imagination to renovate and utilize this spacious 3rd story for additional revenue.

Property Details

List Price $689,000 Sold Price $700,000 List Date 2022-01-25 Sold Date 2022-04-15 MLS ID 4896361 Status Closed Property Type Commercial Sale Business Type Investment County VT-Franklin Days on Market 21

structure

basement Yes Total Baths 0 building area total 4050.0 building area units Square Feet cooling Central AC, Mini Split, Other Features Exterior Business Type Investment foundation details Stone heating Hot Water living area 4050.0 living area source Public Records living area units Square Feet Parking Features Off Street, On Street, Parking Spaces 5 roof Flat, Membrane stories 3 year built 1895

characteristics

Acres 0 lot size area 0.13 Lot SqFt 5663.0 view y n No waterfront features No waterfront y n No

tax

tax annual amount 11830.92 tax year 2022 zoning B1

financial

gross income 75384.0 net operating income 39772.0 operating expense 35612.0

contract

foreclosure y n Yes

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 9:27:51 PM (UTC)