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    23 School St Chester, VT 05143

    For Sale
    $675,000

    Prime Chester location, high income potential.

    Property size:
    6,894 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property in the heart of Chester, Vermont presents a compelling investment opportunity. The well-maintained building boasts 6,894 square feet situated on a half-acre lot, offering a blend of residential and commercial space. Currently configured as five residential units and six office units, this property generates a substantial monthly rental income. The residential units are in good condition, presenting an opportunity to increase rental rates through strategic renovations and updates. The six office units provide flexibility for various businesses, with significant potential for conversion to retail space on the ground floor, capitalizing on the property's prime location and high foot traffic. The building's central location ensures excellent visibility and easy access to amenities and major roadways. The substantial square footage offers ample space for current tenants and future expansion or redevelopment, promising significant long-term returns. This property offers a solid income stream with considerable upside potential for savvy investors seeking a mixed-use asset in a thriving Vermont town. The existing rental income provides a strong foundation for immediate returns, while the potential for upgrades and conversions offers a clear path to increased profitability. This is a rare opportunity to acquire a well-positioned property with significant growth potential.

    Property Features for 23 School St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,894 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1880
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shanti Polarity Energy Holistic Medicine Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Windsor
    State
    Vermont
    Longitude
    -72.59793
    Latitude
    43.26373

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Chester location, high income potential.
    Where is this commercial real estate located?
    The property is located at 23 School St Chester, VT.
    What is the asking price?
    The asking price for this property is $675,000.
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    Chester, VT 05143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 School St Chester, VT 05143
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