Fairfax VT Commercial Real Estate

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1123 Main, Fairfax, VT

MLS Number 4665418

  • Commercial
  • Acreage 0.25

Rare investment opportunity with 2 Residential Units and 1 Commercial Unit in a quaint 19th century building in Fairfax, VT! This 3-unit building boasts over 2,700 sqft of finished space, 80 +/- ft of frontage along Main St with 9 parking spaces per site plan. Ground floor is currently functioning as a bakery with 24-person occupancy load and two apartments occupying the second floor and third floors. The sale includes business assets including furniture, appliances, kitchen equipment and many small fixtures; offering a favorable and seamless transition for potential purchasers to continue the business. Residential units include a 2br/1ba with current month to month lease and 1br/1ba with current yearly lease. Total monthly rent for combined units is $1475 p/m. Recent improvements in the apartments with newer windows, flooring and carpet and a newer main roof. Full basement for storage and a rear detached 2-bay garage is located in the rear parking lot. Garage is split into three sections and has been leased in the past. Current wastewater permit in place for existing use and occupancy - GMP for power - Comcast for cable/internet and phone - Building runs off both oil and propane. Covenant location in downtown Fairfax with high visibility. Minutes from I89 providing easy access to St. Albans and Burlington.

Listed by Curtis Trousdale and Alex Danis of Preferred Properties

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Alburgh
87 South Main Street
Alburgh VT, 05440
Office: 802-796-6100

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Federal 30-year interest rate: 4.03% last updated on Jul 13, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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