Multi-Tenant Medical Center
1097 Hospital Drive, St Johnsbury, VT 05819
For Sale
New
$969,000
Commercial Sale, St. Johnsbury, VT
Property SizeContact for details
Lot Size4.77 Acres
Days on Market2
Property Features for 1097 Hospital Drive
General Information
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Listing Agency:
Jim Campbell Real Estate
(802) 334-3400
Listed By:
Dexter Degre · License VT #0810134338
(303) 854-7083
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 5117714
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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The 4.77-acre property comprises three buildings and a large parking lot. Building 1 has two spaces, both leased to BAART Programs through 5/31/2030, with a five-year renewal option. Building 2 is approximately 75% vacant, including its full lower level and about half of the first floor. Approximately 2,400 SF is available for occupancy or leasing. Building 3 is owned by Beth El Synagogue under a 200-year land lease. Improvements include wood-frame construction with brick veneer, central air, and an accessible ramp.
The property is near Northeastern Vermont Regional Hospital and the US Route 5 and Hospital Drive intersection. Its Health Services (St. J) zoning allows a range of medical uses, including medical offices, hospitals, laboratories, nursing homes, and rehabilitation centers, as well as self-storage and residential uses. The stated in-place cap rates are 7.86% for 2026 and 8.52% for 2027; the stated 2027 pro forma cap rate is 11.19%.
The property is near Northeastern Vermont Regional Hospital and the US Route 5 and Hospital Drive intersection. Its Health Services (St. J) zoning allows a range of medical uses, including medical offices, hospitals, laboratories, nursing homes, and rehabilitation centers, as well as self-storage and residential uses. The stated in-place cap rates are 7.86% for 2026 and 8.52% for 2027; the stated 2027 pro forma cap rate is 11.19%.
Key Highlights
- Three buildings on 4.77 acres with a large parking lot
- Approximately 2,400 SF available; Building 2 is about 75% vacant
- Building 1 has two leased spaces occupied by BAART Programs through 5/31/2030, with a five‑year renewal option
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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Business Placement
Demographics for 05819, VT
9,040
Population
4,352
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
88.8 sq mi
ZIP Area
102
Density / Sq Mi
$59,844
Median Household Income
$37,437
Median Earnings
$902
Median Rent
$190,200
Median Home Value
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Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical center - Health Services zoning allows medical, self-storage, and residential uses.
Where is this medical center located?
The property is located at 1097 Hospital Drive St Johnsbury, VT.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Three buildings on 4.77 acres with a large parking lot; Approximately 2,400 SF available; Building 2 is about 75% vacant; Building 1 has two leased spaces occupied by BAART Programs through 5/31/2030, with a five‑year renewal option
