Ludlow VT For Sale $1,690,000

List Price:$Commercial Property $1,690,000 | $148 per sq.ft.
156 Main Street Ludlow VT | Space type
MLS# 5082810
Listed by John Napier TPW Real Estate on April 9th 2026
DESCRIPTION
In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village providing it with excellent visibility, walkability, and proximity to Ludlow's charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an onsite parking lot for 15 vehicles as well as on-street parking. The building's exterior is vinyl-sided with wood trim and the windows are double pane. This property definitely has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor's dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont's most desirable communities. It is a must see!
Sale Includes : Land/Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 100000
Gross Income| 151000
Price per SQFT | 148.13
CONSTRUCTION
Wood Frame | Vinyl Exterior | Vinyl Siding
Price Per SQ.FT. 148.13
Year Built: 1990
No. of Units-| 9
Basement: Bulkhead | Climate Controlled | Concrete | Concrete Floor | Full | Exterior Stairs | Interior Stairs | Assigned Storage | Sump Pump | Interior Access | Exterior Access | Basement Stairs
Sprinkler | Wet.
Roof: Bitumen | Membrane
Road Frontage: 37
Electric: 200+ Amp Service | Circuit Breaker(s)
Utilities: Cable at Site | Cable Available
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Lot size: 0.38 acres
Zoned: village, downtown)
Surveyed: Yes
SurveyedBy: Ralph Micheal
Flood Zone: Yes
Road Frontage: 37
ADDITIONAL INFORMATION
Transport Info: City Street | Major Road Access | Public Transportation | Town Highway
Docs Available : Building Plans | Deed | Lease Agreements | Survey | Tax Map
Taxes $13,281 | Assesed Value $0 in

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