113 Clinton St Springfield, VT 05156-3305
- Commercial real estate
- 0.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 113 Clinton St
- Lot size
- 0.31 lot acres
- Property type
- Commercial real estate
- APN
- (190) 030/3/13
- APU
- 190030313
Description
This exceptional mixed-use property in Springfield, Vermont, presents a compelling investment opportunity. Located at 113 Clinton St, this offering encompasses two buildings situated on a high-visibility road in the heart of historic Springfield. The main building provides flexible commercial space, ideal for a variety of uses including office space, retail, or a service-based business. The adaptable layout allows for customization to suit diverse business needs. Adjacent to the main building is a charming two-bedroom apartment, currently generating rental income or offering the potential for owner occupancy. This creates a unique live-work opportunity or a strong secondary income stream. The property is zoned for commercial use and features two units across two buildings, currently occupied by two tenants. The asking price is $349,900. This represents a rare chance to acquire a multi-tenant property in a desirable Vermont location, offering both immediate income and long-term growth potential. The property's central location ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the community. The combination of commercial space and residential accommodation provides a versatile and lucrative investment opportunity. This property is perfect for owner-users seeking a blend of business and residential space or investors looking for a strong return on investment in a thriving Vermont town. The property's location in Windsor County, Vermont, zip code 05156, offers easy access to local amenities and a vibrant community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $355,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $280,000
- Mixed-Use
- $380,000
- Hospitality
- $360,000
- Educational
- $360,000
- Residential Income
- $305,000
- Energy
- $340,000
- Income-Based Land
- $355,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Windsor
- State
- Vermont
- Longitude
- -72.4747
- Latitude
- 43.2916
- CBSA code
- 30100
- CBSA name
- LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA