List Price: $675,000 | $98 per sq.ft. Commercial
Space type
Date Listed Tuesday Nov 26, 2024 | MLS# 5023262
Space type
Date Listed Tuesday Nov 26, 2024 | MLS# 5023262
To see this Listing
Address: 23 School Street Chester VT
Listed by Gary Coger Four Seasons Sotheby's Int'l Realty gary.coger@fourseasonssir.com
Description:
Unlock the potential of this exceptional mixed-use property, offering a solid income stream and tremendous future upside. Ideally situated in the heart of town, this well-maintained building spans over 6,800 sq. ft. and is currently home to 5 residential units and 6 office units, with potential for retail conversion. Located in the center of town, providing excellent visibility and foot traffic, with easy access to amenities, and major roadways. The property currently generates solid monthly rental income from the residential and office units, with significant potential for increased rents after updates and improvements. The 5 residential units are in good condition but could benefit from updates, offering an opportunity to increase rental rates and enhance value through renovations. The 6 office units offer flexibility for a variety of businesses, with the added benefit of retail potential on the ground floor. Spanning over 6,800 sq. ft., this property offers ample space for both residential and commercial tenants, with room for potential expansion or redevelopment.
Building Type : Multi-Family | Office | Opportunity | Retail
Misc : In-Unit Bathroom
Sale Includes : Building Only | Building
Listed by Gary Coger Four Seasons Sotheby's Int'l Realty gary.coger@fourseasonssir.com
Description:
Unlock the potential of this exceptional mixed-use property, offering a solid income stream and tremendous future upside. Ideally situated in the heart of town, this well-maintained building spans over 6,800 sq. ft. and is currently home to 5 residential units and 6 office units, with potential for retail conversion. Located in the center of town, providing excellent visibility and foot traffic, with easy access to amenities, and major roadways. The property currently generates solid monthly rental income from the residential and office units, with significant potential for increased rents after updates and improvements. The 5 residential units are in good condition but could benefit from updates, offering an opportunity to increase rental rates and enhance value through renovations. The 6 office units offer flexibility for a variety of businesses, with the added benefit of retail potential on the ground floor. Spanning over 6,800 sq. ft., this property offers ample space for both residential and commercial tenants, with room for potential expansion or redevelopment.
Building Type : Multi-Family | Office | Opportunity | Retail
Misc : In-Unit Bathroom
Sale Includes : Building Only | Building
Features
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1880
Price Per SQ.FT. 97.91 No. of Units: 11
Building Size : 6894
Available SQFT : 6894
Building Type: Multi-Family | Office | Opportunity | Retail
Year Built: 1880
Price Per SQ.FT. 97.91 No. of Units: 11
Building Size : 6894
Available SQFT : 6894
Building Type: Multi-Family | Office | Opportunity | Retail
Exterior
Interior
Land Information
Lot size: 0.5 acres
Zoned: mixed
Road Frontage: 500
Road Frontage: 500
No. of Docks | 0.
UtilitiesUtilities: Cable - Available | Multi Phone Lines | Telephone Available
AC % | 0.
Additional Information
Taxes $13,586
Assesed Value Not Reported
Taxes $13,586
Assesed Value Not Reported
Schools
