Ludlow VT For Sale $1,465,000

List Price:$Commercial Property $1,465,000
Lamere Square Ludlow VT
MLS# 5021789
Listed by Tyleen Murray Kelley Real Estate, Inc. on November 11th 2024
DESCRIPTION
Long-time owners of Lamere Square, the popular complex in the Village of Ludlow are ready to pass it along to a new owner. We are hopeful that we will find someone who will continue taking care of the tenants and property as they have been for years. The numbers and condition of the property speak for themselves. Perhaps you are an investor looking for a place with impressive numbers, or someone seeking a tangible place to put your retirement savings, or just would like to invest in an area you know. Maybe you remember this place as where you stop in for a slice of pizza, a taco, some tasty eats, or a bottle of wine, some Winter gear, or a framed Vermont photo. Great landlords often have great tenants and this is the case here with all of the units being rented to bustling businesses and respectful residential tenants who are current with rent. There are eight commercial units (most with long-term leases) and three residential units with approximately 14,439 feet of finished space. The five buildings (four plus "The Hut") have had many recent improvements inside and out beyond the basic maintenance. Specific information on the property is available upon request as there is too much to list. The improvements are many from the roofs to the boilers to the newly paved parking lot. Sellers are willing to share income and operating expenses with serious buyers and will even consider owner terms and a transitional management period for the right buyer.
Sale Includes : Land/Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 0.00
CONSTRUCTION
Price Per SQ.FT. 0.00
Year Built: 0
Basement: Unfinished
Building Type: Investment
Garage And Parking: On-Site | Paved
Utilities: Cable - Available | Gas - LP/Bottle | Telephone At Site
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Zoned: Commercial)
ADDITIONAL INFORMATION
Taxes $18,659 | Assesed Value $0 in

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