219 Lake StreetSt. Albans City, VT 05478MLS Number 5001835

Price: $1,500,000
Est. Mortgage of $/month
86 Days on Market

Great Investment Opportunity. This mixed-use building is located in St Albans City close to local employers, shopping, restaurants, and community resources. The building consists of 8 two bedroom apartments on the second and third floors and 2 operating businesses on the ground floor. Full basement provides great storage space plus an on-site coin operating laundry room. The building has been family owned for decades and has been kept in great shape with many recent improvements. The first floor business space currently leased by Spectrum Youth Drop-In Center was fully renovated in 2020 including a kitchen, ADA bathroom and office spaces. The apartments have been updated as turned over including two with new heaters in 2023-2024. The back of the building was enclosed in 2022 including new windows, vinyl siding and LED lighting. Extensive brickwork was completed on the westside of the building in 2024. Main roof was repaired in 2024 and the rubber membrane roof on the lower portion was replaced in 2018. Large parking lot in the back provides off-street parking for the residents and businesses. This investment property would bring immediate income as well as the potential to grow ROI quickly. Commercial Listing #5001847

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Tax Information

Tax Year2024

Building

Year Built1900
Units8
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 1 Total Rooms4
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 2 Total Rooms4
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 3 Total Rooms4
Unit 4 Bath1
Unit 4 Total Rooms4
Unit 5 Baths1
Unit 5 Bedrooms2
Unit 6 Baths1
Unit 6 Bedrooms2
Unit 7 Baths1
Unit 7 Bedrooms2
# of 2 Bedrooms8
Unit 8 Baths1
Unit 8 Bedrooms2
Bathroom8
Total Baths8
BasementConcrete, Storage Space, Interior Access, Exterior Access
FoundationPoured Concrete

Basic Information

StatusACT
List Price$1,500,000
Date Price Change06/21/2024
MLS Number5001835
MLS StatusActive

Property

Acreage0.33
Parking Spaces
Square Feet14,856
APX Fin AG Sqft14,856
Road Frontage102
RoadsPublic
AreaNear Hospital, Near Public Transportatn, Near Railroad, Near Shopping

Amenities

PricePerSqFt100.97

Other

Taxes$15,614.84
Seasonal Y/NNo
Date Listed06/21/2024
View Count9

Location

TownSt. Albans City
StateVT
Zip05478
CountyFranklin
ZoningCommercial
Elementary SchoolSt Albans City School
Junior HighSt. Albans City School
High SchoolBFASt Albans
Flood Zone Y/NNo

Exterior

RoofFlat, Membrane

Utilities

Heat FuelGas - Natural
Heat SystemGas Heater - Vented
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable - Available, Gas - On-Site

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 September 14, 2024 10:38 PM EDT

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219 Lake StreetSt. Albans City, VT 05478MLS Number 5001835

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