120 Hegeman Avenue Colchester, VT
$899,000
Acres 0.82
Description
Fantastic investment opportunity with significant upside potential. Fort Ethan Allen Mini Storage is a well positioned, 126 unit self storage facility made up of three buildings in a highly accessible location. The primary brick building totals approximately 15,224 SF and offers a mix of climate controlled and non climate controlled units on both the first and second floors, providing flexible options for a variety of tenant needs. A local church currently leases gathering space in this building under a lease running through October 2030, providing stable income. Historically, many of the climate controlled units have been leased as both storage and office spaces, creating diversified revenue streams. Two additional metal buildings, totaling approximately 2,646 SF and 2,200 SF, contain 47 self storage units with roll up doors and direct drive up access, which are highly desirable for tenants seeking convenience and ease of loading. Inside the complex, there are currently two larger spaces that could be reconfigured to increase both the unit count and gross rentable area, offering a clear path for future income growth. One unused area, already served by a garage door, is ideally suited for a contractor or user needing dedicated drive up access. Operations are streamlined through modern online self storage management software, allowing for efficient leasing and rent collection. The asking price reflects a 6.6% cap rate, making this an attractive option for investors seeking stable cash flow with room to grow.
Listed by Artisan Realty of Vermont, David Raphael
Details
MLS 5080240
Price $899,000
Status Active
DOM 142 days
Type Commercial
Lot Size 0.82 acres
Year Built 1898
Taxes Paid $16,267
Lot & Building Features
Utilities Gas On-Site
Construction Metal, Brick Exterior
Cooling None
Heating Natural Gas, Forced Air
Parking Description Parking Spaces 1 - 10, Off Street, Driveway
Sewer Public
Tax Year 2526
Taxes Paid $16,267
Water Public
Foundation Stone
Lot Description Near Shopping
Roof Slate
Map
Get Directions
Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

