156 Main St, Ludlow
Ludlow Village Mixed-Use Asset | 7 Apartments + 2 Retail
Marketing description
In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village, providing it with excellent visibility, walkability, and proximity to Ludlow’s charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with the flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an on-site parking lot for 15 vehicles as well as on-street parking. The building’s exterior is vinyl-sided with wood trim, and the windows are double-pane. This property has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support a gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor’s dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming, and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont’s most desirable communities.
Investment highlights
Prime Main Street Location
Positioned in the heart of downtown Ludlow with excellent visibility, walkability, and proximity to shops, dining, and year-round tourism drivers.
Diversified Income Stream (9 Units)
Mixed-use asset featuring 7 residential apartments and 2 commercial spaces, providing stable, multi-source revenue potential.
Strong Value-Add Opportunity
Current income below market with projected gross income of approximately $150,000, offering clear upside through lease-up and rent optimization.
Commercial Upside Potential
Street-level commercial space with strong visibility, including a previously leased unit generating approximately $40,000 annually, with flexibility to combine or reposition.
Scale in a Supply-Constrained Market
±11,400 SF building with 9 total units—rare scale for a downtown Ludlow asset, allowing operational efficiencies and portfolio-quality cash flow.
Well-Maintained Building Systems
Includes fire suppression sprinkler system, multiple heating systems, and durable construction—minimizing near-term capital expenditure risk.
Ample On-Site Parking
Dedicated lot with approximately 15 spaces, plus on-street parking—an important amenity for both residential and commercial tenants.
Attractive Unit Mix
Combination of one- and two-bedroom apartments, appealing to both seasonal workforce and long-term tenants.
Proximity to Okemo Mountain Resort
Minutes from a major four-season destination supporting strong rental demand and commercial activity.
Year-Round Market Appeal
Access to skiing, golf, lakes, and outdoor recreation supports consistent demand beyond winter months, enhancing income stability.
Accessible Regional Location
Southern Vermont setting within driving distance of major Northeast population centers.
Flexible Downtown Zoning
Village zoning supports a range of commercial and residential uses, allowing future repositioning or redevelopment strategies.
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