36 Eastern Avenue St. Johnsbury, VT

$699,000
Acres 0.17
Photo of 36 Eastern Avenue St. Johnsbury VT 05819




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.


Listed by Jim Campbell Real Estate, Ryan Pronto

Details

MLS 5014281
Price $699,000
Status Active
DOM 92 days
Type Commercial
Lot Size 0.17 acres
Year Built 1913
Taxes Paid $21,817

Lot & Building Features

Utilities Cable, Telephone At Site, Cable - Available, Cable - At Site
Construction Block Exterior, Wood Frame, Masonry, Brick Exterior
Cooling Central AC, Multi Zone
Heating Baseboard, Oil, Multi Zone, Hot Air
Parking Description Deeded, On-Site, On Street, Off-Site
Sewer Public
Tax Year 2024
Taxes Paid $21,817
Water Public
Basement Description Climate Controlled, Storage Space, Stairs - Interior, Partially Finished, Full, Concrete Floor
Foundation Concrete
Lot Description City Lot, Sidewalks, Neighbor Business, Near Shopping, In Town
Roof Membrane

Map

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Financing

$
20%
3.1212360515021%
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.


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