Commercial for Sale: 219 Lake Street, St. Albans City, VT 05478

$1,500,000
$1,500,000
219 Lake Street, St. Albans City, VT 05478
$1,500,000
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Price:
$1,500,000
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Type Commercial
Lot Size 0.33 acres
Year Built 1900
Taxes Paid $15,614
City St. Albans City
County Franklin
MLS 5001847
Status Active
DOM 151 days
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. Multi-Family Listing #5001835.

Lot & Building Features

Utilities Cable - Available, Gas - On-Site
Heat Source Gas - Natural
Heating Gas Heater
Parking Description On-Site, Unpaved, Parking Spaces 5 - 10
Sewer Public
Tax Year 2024
Taxes Paid $15,614
Water Public
Basement Description Concrete, Storage Space, Interior Access, Exterior Access
Foundation Poured Concrete
Lot Description City Lot, Sidewalks, Corner
Roof Flat, Membrane

Price History of 219 Lake Street, St. Albans City, VT

Date Name Price Difference
06/21/2024 Listing Price $1,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 219 Lake Street, St. Albans City, VT

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Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
Listed by Blue Slate Realty, Kevin Holmes & Heather Kelly
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219 Lake Street (MLS #5001847) is a commercial listing located in St. Albans City, VT. This commercial listing is on a lot of 14,375 sqft (or 0.33 acres) and is 124 years old. This property was listed on 06/21/2024 and has been priced for sale at $1,500,000.

Nearby zip codes are 05454, 05455, 05478 0000, 05478 1721 and 05488. This property neighbors other cities such as Fairfax, Fairfield, Georgia, St Albans Town and Swanton.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Blue Slate Realty

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 11/19/2024