Listing courtesy of Ryan Pronto, Jim Campbell Real Estate Phone: 802-334-3400
36 Eastern Avenue, St. Johnsbury, VT, 05819
1913
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.
Status:
Active
Type:
Commercial
Units:
8
Zoning:
St. Johnsbury
Frontage:
63
Heating:
Baseboard, Hot Air, Multi Zone, Oil
Cooling:
Central AC, Multi Zone
Parking:
Deeded, Off-Site, On-Site, On Street
Acreage:
0.17
Est. Taxes:
$21,817
Construction
Masonry,Wood Frame,Block Exterior,Brick Exterior
Elevator:
Y
MLS #:
5014281