36 Eastern AVE Active Save Request In-Person Tour Request Virtual Tour
St. Johnsbury,VT 05819
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 a 10% 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
Cooling Central AC,Multi Zone
Inclusions Land/Building
Equipment Smoke Detectr-HrdWrdw/Bat,Sprinkler System,Air Conditioner
Exterior
Parking Features 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 Description No
View Y/N No
Water Access Desc No
View No
Roof Type Membrane
Building
Foundation Concrete
Sewer Public