18-20 Main St Saint Albans City, VT 05478
This exceptional three-story commercial property, located at 18-20 North Main Street in St. Albans City, Vermont, is offered at $549,000. Situated on a 0.19-acre lot in the heart of downtown, adjacent to Taylor Park, and conveniently located off I-89 Exit 19, this building presents a unique investment opportunity. The ground floor currently houses a dance studio, featuring exposed brick, a potential laundry room, a half bath, and two office spaces. The second floor is fully sheet-rocked and plumbed for a two-bedroom, two-bathroom apartment. The third floor, currently a private gym, offers exposed brick, a half bath, and is ideal for a yoga studio or similar use. The building boasts recently upgraded furnaces and electrical systems, and separate utilities for each floor. A common elevator is accessible from the rear, near private parking spaces and a public parking garage. The historical character of the building is preserved throughout its extensive renovations. This property offers significant potential for a variety of commercial uses and represents an excellent investment in a thriving Vermont community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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