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Corina Cisneros

[email protected] +1(603) 273-6160

Listed by Ryan Pronto • Jim Campbell Real Estate

$ 699,000

Est. payment -/mo

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Active

36 Eastern AVE St. Johnsbury, VT 05819

7,405 Sqft Lot

UPDATED:

09/13/2024 10:01 PM

Key Details

Property Type Commercial

Sub Type Investment,Office,Opportunity

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5014281

Year Built 1913

Annual Tax Amount $21,817

Tax Year 2024

Lot Size 7,405 Sqft

Acres 0.17

Property Description

Desirable commercial investment opportunity with this professional office building in the heart of downtown St. Johnsbury. This turn-key ready property provides over an 8% annual return on investment with plenty of potential to substantially increase the return if desired. Offering great rental history with 8 current tenants and long-term existing leases in place for the majority of the units. The sellers tech business is occupying approx 1558 sq.ft. of office space and are willing to continue leasing for up to another year or vacate to allow the new owners use of the space for themselves or another tenant. 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 free 12hr parking directly across the street in the municipal lot, town permitted parking spaces directly behind the building (small monthly fee if overnight desired), additional parking in the adjoining municipal lot behind the building, as well as in town street parking. This is a quality building with great tenants and an overall solid investment.

Location

State VT

County Vt-caledonia

Area Vt-Caledonia

Zoning St. Johnsbury

Rooms

Basement Entrance Interior

Basement Climate Controlled, Concrete Floor, Full, Partially Finished, Stairs - Interior, Storage Space

Interior

Heating Oil

Cooling Central AC, Multi Zone

Inclusions Land/Building

Equipment Smoke Detectr-HrdWrdw/Bat, Sprinkler System, Air Conditioner

Exterior

Garage Deeded, Off-Site, On-Site, On Street

Garage Description Deeded, Off-Site, On-Site, On Street

Utilities Available Cable, Cable - At Site, Cable - Available, Telephone At Site

Waterfront No

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Membrane

Building

Foundation Concrete

Sewer Public

Corina Cisneros

Broker Associate/ Owner | License ID: 069247

+1(603) 273-6160

Corina Cisneros

36 Eastern AVE St. Johnsbury, VT 05819

Key Details

Location

Rooms

Interior

Exterior

Building

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36 Eastern AVE