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Listed by William H Johnson • Big Green Real Estate
Bought with Ross P Doody • Century 21 Highview Realty
Bought with Ross P Doody • Century 21 Highview Realty
$ 700,000
$ 800,000 12.5%
Est. payment /mo
Sold on 08/22/2025
368 River ST Springfield, VT 05156
15,211 SqFt
UPDATED:
Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,211 sqft
Price per Sqft $46
MLS Listing ID 4910367
Sold Date 08/22/25
Year Built 1986
Annual Tax Amount $18,104
Tax Year 2025
Lot Size 1.120 Acres
Acres 1.12
Property Description
GREAT INVESTMENT PACKAGE--100% occupancy, recent needed siding work and HVAC upgrades completed, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Net income based on 2024 income and expenses approx. $104,960, projected to be higher in 2025 due to full occupancy. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning "General Business"
Rooms
Basement Entrance Walkout
Basement Concrete, Concrete Floor, Full, Exterior Stairs, Assigned Storage, Locked Storage, Storage Space, Unfinished, Walkout, Exterior Access, Basement Stairs
Interior
Cooling Central AC, Multi Zone
Exterior
Utilities Available Cable, Cable at Site
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Asphalt Shingle
Building
Sewer Public
