Chester VT For Sale $675,000

List Price:$Commercial Property $675,000 | $98 per sq.ft.
23 School Street Chester VT
MLS# 5023262
Listed by Gary Coger Four Seasons Sotheby's Int'l Realty gary.coger@fourseasonssir.com on November 26th 2024
DESCRIPTION
Unlock the potential of this exceptional mixed-use property, offering a solid income stream and tremendous future upside. Ideally situated in the heart of town, this well-maintained building spans over 6,800 sq. ft. and is currently home to 5 residential units and 6 office units, with potential for retail conversion. Located in the center of town, providing excellent visibility and foot traffic, with easy access to amenities, and major roadways. The property currently generates solid monthly rental income from the residential and office units, with significant potential for increased rents after updates and improvements. The 5 residential units are in good condition but could benefit from updates, offering an opportunity to increase rental rates and enhance value through renovations. The 6 office units offer flexibility for a variety of businesses, with the added benefit of retail potential on the ground floor. Spanning over 6,800 sq. ft., this property offers ample space for both residential and commercial tenants, with room for potential expansion or redevelopment.
Sale Includes : Building Only | Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 97.91
CONSTRUCTION
Price Per SQ.FT. 97.91
Year Built: 1880
No. of Units-| 11
Building Type: Multi-Family | Office | Opportunity | Retail
Road Frontage: 500
Utilities: Cable - Available | Multi Phone Lines | Telephone Available
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Lot size: 0.5 acres
Zoned: mixed)
Road Frontage: 500
ADDITIONAL INFORMATION
Taxes $13,586 | Assesed Value $0 in

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