1115 Route 4A Castleton, VT 05735
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1115 Route 4A
- Year built
- 1890
- Lot size
- 2.02 lot acres
- Property size
- 7,319 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a versatile 7,319 square foot, four-unit multi-use building situated on a 2.02-acre lot in Castleton, Vermont. The property boasts a strategic mix of income-generating units: two spacious offices and two two-bedroom, open-concept apartments. This diverse portfolio offers immediate rental income and significant potential for future growth. The existing office spaces present a compelling opportunity for conversion into additional apartments, further enhancing rental income and maximizing return on investment. A finished basement area provides additional flexibility, suitable for use as a studio, office space, or conversion into yet another apartment unit. A portion of the property (1.21 acres) is currently leased to the Town of Castleton for a community recreation area until June 2086, for a nominal annual lease amount of $1. Importantly, this lease restricts the construction of any structures on the leased land. This property offers a unique blend of immediate revenue generation and long-term strategic growth potential, making it an attractive investment for discerning buyers. The asking price is $287,500. This is a rare opportunity to acquire a multi-use property with significant upside in a desirable Vermont location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Castleton
- County
- Rutland
- State
- Vermont
- Longitude
- -73.1814
- Latitude
- 43.6221
