2418 View Ln Barre, VT 05641

Property Details for 2418 View Ln

Lot size

3.18 lot acres

Property size

34,692 SF

Property type

Retail properties & Spaces

Property subtype

Office properties & Spaces

Description

This exceptional investment opportunity presents Eastview Place, a three-building medical office complex totaling 34,692 square feet on a 3.18-acre lot in Barre, Vermont. The property features nine units across two stories, currently 83.65% occupied by six tenants, including prominent healthcare providers like Gifford Health Care and the University of Vermont Health Network. Two vacant units (5,672 sq ft total) offer significant upside potential for lease-up. The strategic location, just off VT Route 62 with easy access to US Route 302 and Interstate 89, provides excellent visibility and convenient access for patients and staff. The property benefits from scheduled rent increases in several leases, offering a hedge against inflation. Five of the six tenants are net lease, mitigating operating expenses for the owner. The strong demographics of the area, with over 27,700 people within a 5-mile radius and an average household income exceeding $100,000, support continued demand for medical office space. The asking price is $6,039,770, representing an attractive 8.07% cap rate and a substantial NOI of $487,563. This is a fee-simple ownership opportunity with excellent potential for long-term growth and passive income. The property's proximity to major roadways, the Edward F. Knapp State Airport, and significant healthcare facilities further enhances its value and appeal. The property is ideally suited for long-term investors seeking a stable, recession-resistant investment in a growing healthcare market.

Location Insight

City

Barre

County

Washington

State

Vermont

Longitude

-72.5594

Latitude

44.2056