List Price: $699,000 | $56 per sq.ft. Commercial
Space type Office Building
Date Listed Friday Sep 13, 2024 | MLS# 5014281
Space type Office Building
Date Listed Friday Sep 13, 2024 | MLS# 5014281
Street View
Front Entrance
Front Lobby
Front Lobby
Unit #1
Unit #1
Unit #1
Unit #1
Unit #1
Unit #1
Unit #1
Unit #1
Unit #2
Barber Shop
Barber Shop
Barber Shop
Barber Shop
Unit #4
Unit #4
Unit #4
Unit #4
Unit #4
Unit #4
Unit #5 Conference Room
Unit #5 Conference Room
Unit #6
Unit #6
Unit #6
Unit #6
Unit #6
Unit #8
Unit #8
Unit #8
Unit #8
Basement Storage Room
Elevator
Elevator
Elevator Mechanicals
Oil Boiler
Back Entrance
Back
To see this Listing
Address: 36 Eastern Avenue St. Johnsbury VT
Listed by Ryan Pronto Jim Campbell Real Estate
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 : Business District | Commercial Zoning | In Town | Near Shopping
Building Type : Investment | Office | Opportunity
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor Hrd Surfce Flr | Access Common Use Areas | Multi-Level Bus w/Elevatr | Multi-Level w/4 Ft Stairs | Zero-Step Entry Ramp
Equipment : Smoke Detectr-HrdWrdw/Bat | Sprinkler System | Air Conditioner
Misc : Fire System | Elevator - Passenger
Sale Includes : Land/Building
Listed by Ryan Pronto Jim Campbell Real Estate
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 : Business District | Commercial Zoning | In Town | Near Shopping
Building Type : Investment | Office | Opportunity
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor Hrd Surfce Flr | Access Common Use Areas | Multi-Level Bus w/Elevatr | Multi-Level w/4 Ft Stairs | Zero-Step Entry Ramp
Equipment : Smoke Detectr-HrdWrdw/Bat | Sprinkler System | Air Conditioner
Misc : Fire System | Elevator - Passenger
Sale Includes : Land/Building
Features
Signage: Adequate
Rail Service: N
Transport Info: Major Road Access | Paved
Signage: Adequate
Rail Service: N
Transport Info: Major Road Access | Paved
Income
Net Income| 58513
Gross Income| 130668
Management Expense: $0
Insurance Expense : $0
Net Income| 58513
Gross Income| 130668
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1913
Masonry | Wood Frame | Block Exterior | Brick Exterior
Price Per SQ.FT. 56.37 Eevators 1
No. of Units: 8
Building Size : 12400
Divisable SQFT : No
Building Type: Investment | Office | Opportunity
Year Built: 1913
Masonry | Wood Frame | Block Exterior | Brick Exterior
Price Per SQ.FT. 56.37 Eevators 1
No. of Units: 8
Building Size : 12400
Divisable SQFT : No
Building Type: Investment | Office | Opportunity
ExteriorRoof: Membrane
InteriorBasement: Climate Controlled | Concrete Floor | Full | Partially Finished | Stairs - Interior | Storage Space
Sprinkler: Wet.
Land Information
Lot size: 0.17 acres
Zoned: St. Johnsbury
Flood Zone: No
Road Frontage: 63
Garage And Parking: Deeded | Off-Site | On-Site | On Street
Road Frontage: 63
No. of Docks | 0.
UtilitiesHeating: Baseboard | Hot Air | Multi Zone
Cooling: Central AC | Multi Zone
Electric: Circuit Breaker(s)
Utilities: Cable | Cable - At Site | Cable - Available | Telephone At Site
AC % | 0.
Additional Information
Docs Available : Deed | Lease Agreements | Other | Tax Map
Taxes $21,817
Assesed Value Not Reported
Docs Available : Deed | Lease Agreements | Other | Tax Map
Taxes $21,817
Assesed Value Not Reported
Schools
