Lamere Sq Ludlow, VT 05149

Property Details for Lamere Sq

Property type

Investment properties

Description

Lamere Square, a thriving commercial complex located in the heart of Ludlow, Vermont, presents a unique investment opportunity. This established property boasts eight commercial units, primarily occupied by long-term tenants under favorable lease agreements, and three residential units, all currently rented and generating consistent income. The complex comprises five buildings, including the distinctive "Hut," totaling approximately 14,439 square feet of finished space. Recent significant improvements have been made throughout the property, encompassing roof replacements, boiler upgrades, and a newly paved parking lot, ensuring both functionality and aesthetic appeal. The property's strong financial performance is readily available for review by qualified buyers. The current owners are committed to a smooth transition, offering potential buyers access to detailed financial records, including income and operating expense statements. To facilitate a seamless transfer, the sellers are open to discussing owner financing options and a transitional management period, providing support and guidance to the new owner. This is an exceptional opportunity for investors seeking a stable, high-performing asset in a desirable Vermont location. The property's diverse tenant base, encompassing restaurants, retail, and residential units, contributes to its resilience and consistent cash flow. This turnkey investment is ready for a new owner to continue its legacy of success. Detailed information regarding individual unit leases, financial statements, and recent improvements is available upon request.

Location Insight

City

Ludlow

County

Windsor

State

Vermont

Longitude

-72.7032

Latitude

43.3956