Building Details

Year Built 1900

Listing Agency: Pall Spera Company Realtors-Stowe

Listed By: Pall Spera Show Phone

Source: Lakechamplainrealestate

Added: Oct 26 Changed: Nov 1 Last Checked: Nov 3 at 6:56AM

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Investment Insights

Based on property information with market context.

This 6,423-square-foot mixed-use property includes a dry cleaning and laundromat business, living quarters for the owner, and two additional apartments that generate income. The business and real estate are being offered together. The building dates to 1900.

Key Highlights

• Dry cleaning and laundromat business included with the real estate
• Two additional income‑producing apartments
• Owner living quarters on site

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Storage Facility Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

466

Businesses Nearby

Explore this area Business Placement

Demographics for 05661, VT

5,881

Population

3,276

Households

1.8

Avg Household Size

45

Median Age

40%

College-Educated

94%

High-School Grad

65.3 sq mi

ZIP Area

90

Density / Sq Mi

$65,057

Median Household Income

$40,781

Median Earnings

$1,176

Median Rent

$268,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a dry cleaning and laundromat operation with owner living quarters and two rental apartments.

Where is this mixed-use property located?

The property is located at 140 Portland Street Morristown, VT.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Dry cleaning and laundromat business included with the real estate; Two additional income‑producing apartments; Owner living quarters on site