23 School Street Chester VT 05143 Commercial $675,000

$675,000 | $98 per sq.ft. Commercial Property, in 23 School Street Chester VT | Space type MLS# 5023262

Listed by Gary Coger Four Seasons Sotheby's Int'l Realty gary.coger@fourseasonssir.com on November 26th 2024
23 School Street Chester VT 05143

DESCRIPTION

Unlock the potential of this exceptional mixed-use property, offering a solid income stream and tremendous future upside. Ideally situated in the heart of town, this well-maintained building spans over 6,800 sq. ft. and is currently home to 5 residential units and 6 office units, with potential for retail conversion. Located in the center of town, providing excellent visibility and foot traffic, with easy access to amenities, and major roadways. The property currently generates solid monthly rental income from the residential and office units, with significant potential for increased rents after updates and improvements. The 5 residential units are in good condition but could benefit from updates, offering an opportunity to increase rental rates and enhance value through renovations. The 6 office units offer flexibility for a variety of businesses, with the added benefit of retail potential on the ground floor. Spanning over 6,800 sq. ft., this property offers ample space for both residential and commercial tenants, with room for potential expansion or redevelopment.

Building Type : Multi-Family | Office | Opportunity | Retail

Misc : In-Unit Bathroom

Sale Includes : Building Only | Building
Price per SQFT | 97.91 Net Income| 0
Management Expense-| $0
Insurance Expense -| $0

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FEATURES AND DETAILS

LAND INFORMATION

ADDITIONAL INFORMATION

Lot size: 0.5 acres
Zoned: mixed
Road Frontage: 500

Taxes $13,586 | Assesed Value $0 in

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