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Mixed-Use Building in St. Albans

219 Lake Street, St Albans City, VT, USA

For Sale

$1,400,000

Property Description


Great Investment Opportunity. This mixed-use building is located in St Albans City close to local employers, shopping, restaurants, and community resources. The building consists of 8 two bedroom apartments on the second and third floors and 2 operating businesses on the ground floor. Full basement provides great

storage space plus an on-site coin operating laundry room. The building has been family owned for decades and has been kept in great shape with many recent improvements. The first floor business space currently leased by Spectrum Youth Drop-In Center was fully renovated in 2020 including a kitchen, ADA bathroom and office

spaces. The apartments have been updated as turned over including two with new heaters in 2023-2024. The back of the building was enclosed in 2022 including new windows, vinyl siding and LED lighting. Extensive brickwork was completed on the westside of the building in 2024. Main roof was repaired in 2024 and the rubber

membrane roof on the lower portion was replaced in 2018. Large parking lot in the back provides off-street parking for the residents and businesses. This investment property would bring immediate income as well as the potential to grow ROI quickly.

Contact Agent

Heather Kelly

802-370-2949

Property Details

Property Type

Mixed Used - Commercial and Residential

Bedrooms

16

Bathrooms

8

Size

14,856 sqft

Floors

3

Property Location

219 Lake Street, St Albans City, VT, USA

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Your pace, our expertise.

Kevin Holmes, Owner/Realtor

Sera Hyjek, Broker/Realtor

802-318-2647

40 Kingman Street, St. Albans, VT

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