Price Change! reduced by $11,500 on April 12th 2024 $287,500 | $39 per sq.ft. Under Contract
Commercial Property, 1115 Route 4a West Castleton VT | Space type MLS# 4974326
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DESCRIPTION
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Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents.
Building Type : Multi-Family | Office
Sale Includes : Building Only Price per SQFT | 39.28 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0
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FEATURES AND DETAILS
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CONSTRUCTION: Wood Frame | Wood Exterior | Price Per SQ.FT. 39.28 | Year Built: 1890 No. of Units-| 4 Building Size | 7319 Basement: Partially Finished
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Building Type: Multi-Family | Office Roof: Slate Heating: Baseboard | Forced Air | Hot Water Cooling: Central AC Utilities: Telephone Available No. of Docks | 0. No. of Drive Doors | 7319.
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LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 2.02 acres Zoned: unknown Flood Zone: Unknown
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Taxes $7,331 | Assesed Value $0 in |
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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 July 7th, 2024
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