For sale
Office Units
VT
Colchester
19 Roosevelt Hwy

Colchester Office Condo For Sale

19 Roosevelt Hwy, Colchester, VT

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For Sale

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Office condo with existing tenant and owner-occupancy suite.

Type:OFFICE

Property size:

2,720 SF

Lot size:

5.26 Acres

Price / SF:

$255/SF

HighLights

Vacant suite of 3,391 +/- SF available for immediate occupancy or rental.
Below City Assessment listing price ($720,900).
Opportunity to collect rent from an existing tenant while occupying adjacent suite.
Top floor unit with walk‑in grade access and parking lot proximity.
Great views from the 3rd floor location.
Membership in Highpoint Center Area Association, INC.

We can help!

Listing Contact

Tony Blake

Learn more

For Sale

Contact for pricing

Office condo with existing tenant and owner-occupancy suite.

Type:OFFICE

Property size:

2,720 SF

Lot size:

5.26 Acres

Price / SF:

$255/SF

Added:: Apr 29, 2024
Days on Market:: 777
Last Refresh:: May 20 at 9:29 pm

Property Features for 19 Roosevelt Hwy

General Information

Standard status: Active
Size: 2,720 SF
Lot size: 5.26 Acres
Property subtype: OFFICE

Properties For Sale

at 19 Roosevelt Hwy Contact us

We can help!

Listing Contact

Tony Blake

Listing agent Tony Blake License #VT 081.0085443

Listing office V/T Commercial

Listing date Apr 29, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of V/T Commercial

HighLights

Vacant suite of 3,391 +/- SF available for immediate occupancy or rental.
Below City Assessment listing price ($720,900).
Opportunity to collect rent from an existing tenant while occupying adjacent suite.
Top floor unit with walk‑in grade access and parking lot proximity.
Great views from the 3rd floor location.
Membership in Highpoint Center Area Association, INC.

Overview

This third-floor office condo features an existing tenant and a suite suitable for owner occupancy or a new tenant. The vacant suite measures approximately 3,391 square feet. The office condo building is situated on approximately 0.726 acres and comprises three stories. The units are members of the Highpoint Center Area Association, INC. The common area of the association encompasses approximately 4.18 acres, representing the common land outside of the units. This top-floor condo is walk-in at grade with a parking lot located just outside the door. It offers views and the flexibility to collect rent from an existing tenant while having your office nearby. The listing price is below the city assessment of $720,900. Real estate taxes are $19,294.17. The property size is 2,720 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.3k	$24.00
− Vacancy	−$14.4k	−$5.28
EGI	$50.9k	$18.72
− OpEx	−$12.7k	−$4.68
NOI	$38.2k	$14.04

2,720 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$545.6K

$477.4K – $636.5K (±1% cap)

NOI $38,189 @ 7.0% cap · market cap 5.49%

Second Best

—

no second resolved use

Theoretical Best

Office A

$746.1K

$652.8K – $870.4K (±1% cap)

NOI $52,224 @ 7.0% cap · market cap 7.51%

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

Location Intelligence

Current Use by Public Records

Universal Mortgage Corporation Loan Service Farmers Insurance - William ... Insurance Agency David Hogan: Mortgage ... Loan Service Justin Mead: Mortgage ... Loan Service Henry Rackliff: Mortgage ... Loan Service

Suggested Use

Location Insight

Map
Local Demand

City: Colchester
County: Chittenden
State: Vermont
Longitude: -73.1826
Latitude: 44.5031

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For sale
Office Units
VT
Colchester
19 Roosevelt Hwy

What type of property is this?

Office units - Office condo with existing tenant and owner-occupancy suite.

Where is this office units located?

The property is located at 19 Roosevelt Hwy Colchester, VT.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Vacant suite of 3,391 +/- SF available for immediate occupancy or rental.; Below City Assessment listing price ($720,900).; Opportunity to collect rent from an existing tenant while occupying adjacent suite.

19 Roosevelt Hwy, Colchester, VT

Office condo with existing tenant and owner-occupancy suite.

Property Features for 19 Roosevelt Hwy

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Quadplex with Coin-Op Laundry

Duplex with Streamside Yard

Colchester Duplex with Private Lot

Fort Ethan Allen Mini Storage

Colchester Office Space For Rent

Colchester Duplex on Spacious Lot

Spacious Colchester Quadplex Near Recreation

Flex Space with Separate Warehouse

Convenience Store and Gas Station

Colchester Convenience Store and Gas

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