Property Description

This exceptional 12-unit commercial building is offered at $550,000 and features just under 5,000 square feet of highly adaptable space in the heart of the historic downtown district. Positioning your portfolio with an asset at this desirable address places your tenants directly inside a thriving, walkable economic hub. Investors will appreciate that the current owners have maintained the property very well, proactively keeping up with all maintenance needs and modern interior upgrades to ensure a turn-key transition. A premium, standout feature of this property is its rare dedicated off-street parking, offering a private, paved lot that comfortably accommodates eight to ten vehicles. Finding hassle-free parking in a dense downtown corridor is often a massive challenge, so this well-kept lot gives your tenants and their clients an immense competitive advantage and unmatched convenience. The immediate proximity to the courthouse, regional post office, and local financial and educational institutions ensures a built-in demand for professional office suites from legal, medical, and consulting practices. Investing here allows you to leverage maximum visibility and continuous foot traffic, keeping your vacancy rates exceptionally low. Tenants will be highly drawn to the effortless walkability of this location, where steps from the front door lead to dynamic local dining options, retail shops, and local landmarks. This pristine, competitively priced multi-unit property with dedicated parking serves as a stable, diversified income generator right in the center of St. Johnsbury's long-term commercial growth.

Property Features