Battell Block
Mixed Use | 7.52% CAP | 68,211 SqFt
Marketing description
The Battell Block in Middlebury is the cornerstone of the downtown. It offers tenants quick access to local amenities and is only a 5-minute walk to the Middlebury College campus. Enjoy a stroll down Main Street to the local bank, library, the Marquis movie theater, shops, restaurants and colleges. With quick access to Route 7 and other major highways, sidewalk seating, and the town park directly across the street, Battell Block is truly the best located property in town.
The historic Battell Block building has long been a landmark presiding over downtown Middlebury and the Otter Creek. It was originally built with the vision of being a 'major commercial center' and has since been modernized, with 28,000 +/- SF of commercial space and 33 newly renovated loft, one- and two-bedroom apartments. The Battell Block Residences pay homage to the original historic motifs, while providing fresh, modern upscale apartments and convenient downtown living. With apartments overlooking beautiful downtown Middlebury and the dramatic Otter Creek, the Battell Block Residences and Commercial Spaces offer a true taste of Middlebury, both past and present.
In 2017, Battell Block underwent an extensive renovation to create 31 residential apartments and a storage area with 25 storage units. In the years to follow, the upgrades continued with a new natural gas furnace in 2021, a modernization of the elevator in 2022 and in 2023 the HVAC infrastructure was all replaced as well as a new roof put on. In 2025, some office space has been converted to two additional apartments.
Total Capital Improvements exceed $3.6M. Future re-development opportunity exists in the retired boiler building, approx. 600 SF, adjacent to the river.
The apartments feature stainless steel appliances, quartz countertops, slate-stained maple cabinets, energy efficient washer & dryers, highly efficient heat pumps for heating & cooling, premium river or park views, exposed brick walls (some), high quality shades and carpet and paint. Apartments have been 100% occupied since 2017, with a waitlist going.
Most of the commercial spaces have undergone renovations over the past 3-4 years. Battell Block is turnkey with tenants in place!
Investment highlights
Cash flowing grown jewel property
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