1115 Route 4a West , Castleton, VT 05735
Castleton, VT 05735
Description
Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.
Details
| MLS# | 4974336 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1890 |
| Days On Site | 465 |
| Listing Provided By | Casella Real Estate | Hughes Group Team |
Features
| SQ Feet | 7,319 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | commercial |
| Acreage | 2.02 |
Market Activity 05735
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Castleton |
| Zip Code | 05735 |
| Listing VS Median (in 05735) | |
Price: $287,500 low | high Med: $235,000 SqFt: 7,319 low | high Med: 1,728 $ / SqFt: $39 low | high Med: $136 On Site: 465 low | high Med: 41.000000 | |