Ignite FB Tracking Pixel36 Eastern Avenue, St. Johnsbury, VT 05819 - Judy and Bob Holder
KW Coastal And Lakes & Mountains Realty
KW Coastal And Lakes & Mountains Realty
Judy and Bob Holder, KW Coastal And Lakes & Mountains RealtyPhone: (603) 801-4193
Email: [email protected]
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listing
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Listed by: Ryan Pronto from Jim Campbell Real Estate, 802-334-3400
CommercialFor Sale
$699,000
36 Eastern Avenue
St. Johnsbury, VT 05819
MLS: Prime MLS
Est. Mortgage
$3,708/mo

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.

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Information courtesy of Jim Campbell Real Estate is subject to verification and is not guaranteed.
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