23 School St Chester, VT 05143

Property Details for 23 School St

Year built

1880

Lot size

0.50 lot acres

Property size

6,894 SF

Property type

Commercial real estate

APN

(045) 605037

APU

45605037

Description

This exceptional mixed-use property in the heart of Chester, Vermont presents a compelling investment opportunity. The well-maintained building boasts 6,894 square feet situated on a half-acre lot, offering a blend of residential and commercial space. Currently configured as five residential units and six office units, this property generates a substantial monthly rental income. The residential units are in good condition, presenting an opportunity to increase rental rates through strategic renovations and updates. The six office units provide flexibility for various businesses, with significant potential for conversion to retail space on the ground floor, capitalizing on the property's prime location and high foot traffic. The building's central location ensures excellent visibility and easy access to amenities and major roadways. The substantial square footage offers ample space for current tenants and future expansion or redevelopment, promising significant long-term returns. This property offers a solid income stream with considerable upside potential for savvy investors seeking a mixed-use asset in a thriving Vermont town. The existing rental income provides a strong foundation for immediate returns, while the potential for upgrades and conversions offers a clear path to increased profitability. This is a rare opportunity to acquire a well-positioned property with significant growth potential.

Location Insight

City

Chester

County

Windsor

State

Vermont

Longitude

-72.5979

Latitude

43.2637

CBSA code

30100

CBSA name

LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments