Two-Level Office
1229 Portland Street, St Johnsbury, VT 05819
For Sale
$1,449,900
The two-floor layout includes 37 offices, meeting and training rooms, reception space, kitchens, and multiple restrooms.
Property Size14,835 SF
Lot Size5.52 Acres
Price / SF$97.74
Days on Market99
Property Features for 1229 Portland Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Condition
Gross Income
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Units
Building Size
Tenancy
Listing Agency:
Coldwell Banker Commercial Nne Advisors
(603) 226-2100
Listed By:
Michael Jones
(802) 503-5333
Source:
Harringtonvt
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 8 at 7:32PM
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 Coldwell Banker Commercial Nne Advisors
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Investment Insights
Based on property information with market context.
This 14,835-square-foot office property occupies 5.515 commercial acres and was built in 1980. Its lower floor contains 18 offices, a training classroom, server room, two utility rooms, three bathrooms, a kitchen, and a separate break room. The upper floor has 19 offices, a conference room, two storage areas, three bathrooms, a kitchen, and reception space. The site includes two entrances, separate parking areas, and approximately 23,000 square feet of paved area. Zoning is Commercial.
The property is about one mile from central St. Johnsbury, with access to Interstates 91 and 93 minutes away. The existing lease runs through July 31, 2029, with annual CPI-based increases capped at 3% and a five-year renewal option. The tenant is responsible for utilities, heat, water, sewer, landscaping, snow removal, and other property services. Seller-provided income and expense information indicates an approximate 19% cap rate. Additional development may be possible subject to state and local approvals.
The property is about one mile from central St. Johnsbury, with access to Interstates 91 and 93 minutes away. The existing lease runs through July 31, 2029, with annual CPI-based increases capped at 3% and a five-year renewal option. The tenant is responsible for utilities, heat, water, sewer, landscaping, snow removal, and other property services. Seller-provided income and expense information indicates an approximate 19% cap rate. Additional development may be possible subject to state and local approvals.
Key Highlights
- 14,835‑square‑foot office building on 5.515 commercial acres
- 37 offices, plus a training classroom, conference room, reception area, kitchens, storage, and restrooms
- Approximately 23,000 square feet of paved area, with two entrances and separate parking areas
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The two-floor layout includes 37 offices, meeting and training rooms, reception space, kitchens, and multiple restrooms.
Where is this office building located?
The property is located at 1229 Portland Street St Johnsbury, VT.
What is the asking price?
The asking price for this property is $1,449,900.
What are key features of this property?
This property features: 14,835‑square‑foot office building on 5.515 commercial acres; 37 offices, plus a training classroom, conference room, reception area, kitchens, storage, and restrooms; Approximately 23,000 square feet of paved area, with two entrances and separate parking areas
