2 Federal Street, St. Albans City, VT, 05478 | $1,700,000

Welcome to 2 Federal Street, a magnificent historic property that has been meticulously maintained over the years. This impressive space spans 23, 000 square feet and features stunning oversized windows, which flood the interior with natural light and offer breathtaking views of the surroundings. With its well-preserved architectural details, including ornate moldings, high ceilings, and unique fixtures, this property exudes timeless charm and grandeur. The careful preservation of its historic elements creates a nostalgic and inspiring atmosphere. The generous square footage provides endless possibilities for customization and adaptation. Whether you dream of transforming it into a bustling commercial space, an artistic haven, or a dynamic community center, this property has the capacity to accommodate a wide range of ventures. Located in a prime area, 2 Federal Street offers convenient access to transportation hubs, nearby amenities, and a vibrant community. Its historical significance and architectural beauty make it a standout property that will capture the attention of visitors and leave a lasting impression. Take advantage of the opportunity to own this remarkable property, where history, charm, and potential converge to offer a truly unique and exciting investment opportunity. Discover the possibilities that await you at 2 Federal Street and let your imagination soar. 2 Federal is being sold as is, where is and may be subject to Vermont Statues Title 5.

Features

  • Property Type: Business,Investment,Opportunity,Other
  • Construction: Brick Exterior
  • Zoning: Business District
  • MLS#: 4958699
  • Website: https://www.raveis.com
    /prop/4958699/2federalstreet_stalbanscity_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/13/2024
Listing courtesy of Lake Point Properties, LLC   Phone: 802-347-6100
Listing Agent: Richard McClain

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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To learn more about our credentials, visit raveis.com today.

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2 Federal Street, St. Albans City, VT, 05478

$1,700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,360,000 $1,360,000 $1,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,616 $8,374 $11,294
Total Monthly Payment $7,741 $8,499 $11,419

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.