36 Eastern Ave - Office FOR SALE


Saint Johnsbury, VT 05819
$699,000 USD
802-274-9149
36 Eastern Ave, Saint Johnsbury, VT for Sale
$699,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

36 Eastern Ave
Saint Johnsbury, VT 05819


HIGHLIGHTS

  • Desirable commercial investment opportunity with this professional office building.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

St Johnsbury

APN/PARCEL ID

558-176-10135

ASK ABOUT THIS PROPERTY

Ryan ProntoJim Campbell Real EstateMore Info
802-274-9149

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Ryan ProntoJim Campbell Real EstateMore Info
802-274-9149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.