Mixed-Use Property with Treatment
63 Main Street Essex Junction, VT 05452
63 Main Street, Essex Junction, VT, 05452
$625,000
For Sale
$625,000
MULTI_FAMILY - Other - Essex Junction, VT
Property Size2,694 SF
Lot Size0.39 Acres
Price / SF$231
Days on Market17
Property Features for 63 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RO Residential Office
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 3, Basement, Bedroom 2, Bathroom 2
- Parking features
- On Street, Garage
- Patio and Porch features
- Porch
- Exterior features
- Porch, Covered Porch
- Appliances
- Electric Water Heater, Shared Water Heater
- Standard status
- Active
- Size
- 2,694 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11610
Utilities
- Utilities
- Phone Available
- Heating system
- Heat Pump (Heating), Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Softwood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
BHHS Vermont Realty Group/S Burlington
(802) 658-5555
1161 Williston Rd., South Burlington, VT
Listed by
Warren Palm
(802) 658-5555
Added: Jun 30 Checked: Jul 16 at 4:06 pm
MLS# 5097790
Listing URL
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Investment Insights
Based on property information with market context.
This mixed-use property is centrally located and appears in excellent condition, with tasteful updates and well-kept interior spaces. The lower level is currently set up for PT services, featuring three treatment rooms, a large reception area, a bright room suitable for workout equipment, and office and break room space, along with two half bathrooms. The property also offers multiple covered porches and three entrances, with a large green area along the frontage.
The upper level consists of a large two-bedroom rented apartment with a bright, large living room and bedrooms, and it includes its own private entrance and off-street parking for two vehicles. The zoning is RO Residential Office, and the property is described as being centrally positioned in an area with a mix of businesses, churches, services, and residential uses.
For tenants, buyers, or owner-users, the configuration supports a range of professional and service uses for the lower level while maintaining rental income from the upper unit. The building could also be converted back to full residential by adding a kitchen and full bathroom to the lower level, supporting additional owner-occupant flexibility depending on how the space is planned.
The upper level consists of a large two-bedroom rented apartment with a bright, large living room and bedrooms, and it includes its own private entrance and off-street parking for two vehicles. The zoning is RO Residential Office, and the property is described as being centrally positioned in an area with a mix of businesses, churches, services, and residential uses.
For tenants, buyers, or owner-users, the configuration supports a range of professional and service uses for the lower level while maintaining rental income from the upper unit. The building could also be converted back to full residential by adding a kitchen and full bathroom to the lower level, supporting additional owner-occupant flexibility depending on how the space is planned.
Key Highlights
- Mixed‑use property with an upper‑level 2‑bedroom rented apartment and a lower‑level space used for PT services
- Lower level includes 3 treatment rooms, a large reception area, a work/equipment room, office/break space, and 2 half bathrooms
- Upper unit has its own private entrance and off‑street parking for 2 vehicles
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $27.00 |
| − Vacancy | −$873 | −$0.32 |
| EGI | $71.9k | $26.68 |
| − OpEx | −$28.7k | −$10.67 |
| NOI | $43.1k | $16.01 |
2,694 SF · lease $27.00/SF/yr · vacancy 1.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$616.0K
$539.0K – $718.7K
NOI $43,119 @ 7.0% cap · market cap 6.90%
Second Best
Mixed Use
$370.7K
$324.4K – $432.5K
NOI $25,951 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$738.9K
$646.6K – $862.1K
NOI $51,725 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Transitions Physical Therapy
Medical Clinic
BRYNN ANNELISE FRAUENHOFF
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-preserved mixed-use building offers flexible lower-level treatment or office space alongside a separately entered rental unit.
Where is this mixed-use property located?
The property is located at 63 Main Street Essex Junction, VT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Mixed‑use property with an upper‑level 2‑bedroom rented apartment and a lower‑level space used for PT services; Lower level includes 3 treatment rooms, a large reception area, a work/equipment room, office/break space, and 2 half bathrooms; Upper unit has its own private entrance and off‑street parking for 2 vehicles
