1229 Portland ST, St. Johnsbury, VT 05819
1229 Portland ST, St. Johnsbury, VT 05819
1229 Portland ST, St. Johnsbury, VT 05819
1229 Portland ST, St. Johnsbury, VT 05819
1229 Portland ST, St. Johnsbury, VT 05819
1229 Portland ST, St. Johnsbury, VT 05819
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Guillermo A Molina Jr

Guillermo A Molina Jr

+1(978) 360-3441
Listed by Michael Jones • Coldwell Banker Commercial NNE Advisors
$ 1,449,900
Est. payment | /mo

5.52 Acres Lot

Save
$ 1,449,900
Est. payment | /mo
Save

5.52 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5103023

Year Built 1980

Annual Tax Amount $26,962

Tax Year 2025

Lot Size 5.520 Acres

Acres 5.52

Property Description

Established commercial investment opportunity featuring an approximately 14,835-square-foot finished office building on 5.515 commercial acres. Located about one mile from the center of bustling St. Johnsbury and just minutes from Interstates 91 and 93, the property provides easy access throughout the region. The site has two entrances, two separate parking areas, and approximately 23,000 square feet of paved area. The size and layout of the lot may also offer potential for additional development, subject to state and local approvals. The lower level offers 18 offices, a large training classroom, server room, two utility rooms, three bathrooms, a kitchen, and separate break room. The upper level, which was recently renovated and updated by the tenant, includes 19 additional offices, a conference room, two storage areas, three bathrooms, a kitchen, and reception area. The property generated $317,898 in gross rental income during 2025 and offers a potential cap rate of approximately 19%, based on seller-provided income and operating expenses. The annual rent recently increased by 3% to approximately $332,274, or $27,689 per month. The current lease extends through July 31, 2029, includes annual CPI-based rent increases capped at 3%, and gives the tenant an additional five-year renewal option. The tenant currently pays for utilities, heat, water, sewer, landscaping, snow removal, and other property services. With strong existing income, 37 offices, extensive paved parking, excellent interstate access, and future development potential, this is a unique commercial investment opportunity. Income, expenses, NOI, cap rate, square footage, development potential, and lease information are based on seller-provided and municipal records. All financial information is subject to buyer verification.

Location

State VT

County Vt-caledonia

Area Vt-Caledonia

Zoning Commercial

Interior

Inclusions Land/Building

Exterior

Utilities Available Multi Phone Lines, Propane, Telephone at Site, Underground Gas

Building

Sewer Public

PrimeMLS

NEARBY SCHOOLS & PROPERTIES

Guillermo A Molina Jr

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA 01950, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Guillermo A Molina Jr, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1229 Portland ST

QUICK SEARCH
There are 32 quick searches