USAVTSpringfield368 River St

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368 River St, Springfield, VT

Real Estate

Sold

Listed price in listed location currency (USD).
$700,000
$800,000

000

MLS® 4910367

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Approx. Age 1986
MLS® Number 4910367

Property Address: 368 River St, Springfield, VT, 05156-2242

Average square foot calculated using Size range provided by listing agent.

Description

GREAT INVESTMENT PACKAGE--100% occupancy, recent needed siding work and HVAC upgrades completed, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Net income based on 2024 income and expenses approx. $104, 960, projected to be higher in 2025 due to full occupancy. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.
MLS® Number4910367
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1986
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Mar 4, 2025End Date
$700,000Sold Price

Sold

May 17, 2022List Date
$800,000List Price
  • Commute

Commute

Starting Address
Destination Address
368 River St, Springfield, VT

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