 603-643-3942
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$699,000 | $56 per sq.ft.
Commercial Property, 36 Eastern Avenue St. Johnsbury VT | Space type Office Building MLS# 5014281
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| DESCRIPTION
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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 Signage-| Adequate Price per SQFT | 56.37 Net Income| 58513 Gross Income| 130668 Management Expense-| $0 Insurance Expense -| $0 Rail Service-| N | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Masonry | Wood Frame | Block Exterior | Brick Exterior | Price Per SQ.FT. 56.37 | Year Built: 1913 Eevators 1 No. of Units-| 8 Building Size | 12400 Divisable SQFT | No Basement: Climate Controlled | Concrete Floor | Full | Partially Finished | Stairs - Interior | Storage Space |
Building Type: Investment | Office | Opportunity Sprinkler | Wet. Roof: Membrane Garage And Parking: Deeded | Off-Site | On-Site | On Street Road Frontage: 63 Heating: Baseboard | Hot Air | Multi Zone Cooling: Central AC | Multi Zone Electric: Circuit Breaker(s) Utilities: Cable | Cable - At Site | Cable - Available | Telephone At Site No. of Docks | 0. No. of Drive Doors | 12400. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.17 acres Zoned: St. Johnsbury Flood Zone: No Road Frontage: 63 |
Transport Info: Major Road Access | Paved Docs Available : Deed | Lease Agreements | Other | Tax Map Taxes $21,817 | Assesed Value $0 in | ||
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Street View
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Front Entrance
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Front Lobby
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Front Lobby
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Unit #1
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Unit #2
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Barber Shop
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Barber Shop
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Barber Shop
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Barber Shop
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Unit #4
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Unit #5 Conference Room
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Unit #5 Conference Room
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Unit #8
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Unit #8
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Unit #8
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Basement Storage Room
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Elevator
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Elevator
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Elevator Mechanicals
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Oil Boiler
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Back Entrance
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Back
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed.
The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 November 1st, 2024 |
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