Fort Ethan Allen Mini
For Sale
$849,000
120 Hegeman Avenue, Colchester, VT 05446
Well-positioned, 126-unit self-storage facility with upside potential.
Property Size15,224 SF
Price / SF$55.77
Days on Market170
Property Features for 120 Hegeman Avenue
General Information
Standard status
Active
Size
15,224 SF
Listing Agency:
Artisan Realty of Vermont
Listed By:
David Raphael
(802) 363-7002
Source:
Stevecotran
Added: Mar 25
Changed: Sep 9
Last Checked: Sep 9 at 10:21AM
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 Artisan Realty of Vermont
Investment Insights
Based on property information with market context.
Fort Ethan Allen Mini Storage presents an investment opportunity with upside potential. This self-storage facility comprises 126 units across three buildings in an accessible location. The primary brick building, totaling approximately 15,224 square feet, features a mix of climate-controlled and non-climate-controlled units on the first and second floors. A local church currently leases gathering space in this building under a lease running through October 2030, providing stable income. Historically, many of the climate-controlled units have been leased as both storage and office spaces. Two additional metal buildings, totaling approximately 2,646 square feet and 2,200 square feet, contain 47 self-storage units with roll-up doors and direct drive-up access. Inside the complex, there are currently two larger spaces that could be reconfigured to increase both the unit count and gross rentable area. One unused area, already served by a garage door, is suited for a contractor or user needing dedicated drive-up access. Operations are streamlined through modern online self-storage management software, allowing for efficient leasing and rent collection. The asking price reflects a 6.6% cap rate.
Key Highlights
- Stable income from existing lease with a local church through October 2030.
- Significant upside potential through reconfiguration of existing spaces to increase unit count and gross rentable area.
- Mix of climate‑controlled and non‑climate‑controlled units caters to diverse tenant needs and revenue streams.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 05446, VT
16,081
Population
7,679
Households
2.1
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
36.6 sq mi
ZIP Area
439
Density / Sq Mi
$97,442
Median Household Income
$52,101
Median Earnings
$1,323
Median Rent
$357,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Well-positioned, 126-unit self-storage facility with upside potential.
Where is this self storage facility located?
The property is located at 120 Hegeman Avenue Colchester, VT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Stable income from existing lease with a local church through October 2030.; Significant upside potential through reconfiguration of existing spaces to increase unit count and gross rentable area.; Mix of climate‑controlled and non‑climate‑controlled units caters to diverse tenant needs and revenue streams.
