Esther J. Lotz Broker LLC
Listed by Esther J. Lotz Broker LLC
$930,000
148 Main Street
Details
APN MAO148
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 21,500
Cap Rate 7.75%
NOI $70,677
Tenancy Single
Brand/Tenant Vermont Woodworking School
Lease Type Modified
Lease Expiration 12/31/2025
Rent Bumps Yes
Lease Options 3 terms of 2 years each
Year Renovated 2009
Buildings 2
Stories 3
Acreage 5.000
Zoning Rural District
Lease Commencement 04/05/2023
Ownership Leased Fee Estate
148 Main Street, Fairfax, VT 05454
Marketing description
Price is $930,000. 148 Main Street Fairfax. Multiple Buildings on 5 acre +/- of land. Current location of Vermont Woodworking School. Per appraisal, utilities – One onsite well with 1,500-gallon holding tank and two pumps, one for each building, plus there is one onsite septic system and public electrical service. Taxes are $15,964.56. Lease available on request. Rural District Zoning. Certificate of Compliance available.
Investment highlights
- Price: $930,000
- Address: 148 Main Street
- City: Fairfax
- State: VT
- ZIP: 05454
- Type: For Sale
- Square Feet: Multiple Buildings on 5 acre +/-
- Availability: Contact Listing Agent
- Parking: On-site
- Permitted Use: Per Zoning Administrator
Listing Contacts
Esther J. Lotz Broker LLC
Listed by Esther J. Lotz Broker LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,677.00
$5,889.75/mo
Valuation Metrics
0
DSCR
7.6%
Cap Rate
7.6%
ROI
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Tax History
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