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$515,000

For Sale

4 hours ago

61 Depot Street, Lyndon, VT

House

MLS® 5116428

0 Bed

0 Bath

11420 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 11420 sqft
Garage 
Taxes $7,651
Days Active 0
Lot Size 0.07 Acres
Approx. Age 1891
Avg. Price Per Sqft $45
MLS® Number 5116428

Property Address: 61 Depot Street, Lyndon, VT, 05851

Average square foot calculated using Size range provided by listing agent.

Description

The Historic Brick Diamond is a well maintained multi tenant commercial building in the center of downtown Lyndonville, Vermont. Long term tenants and a good mix of uses provide a stable income base, and below market rents leave clear room to grow. The building has seven units. Some units have private bathrooms, two have kitchens, and two have mini split units for heat and air conditioning. High ceilings and large windows give the space a bright, open feel. Basement and 4th floor storage add useful space, and there are options for the 4th floor as well. The big ticket items are done. The roof is only four years old and carries a 25 year transferrable warranty. The fire panel has been upgraded, all stairways are fire rated, and insulation has been improved. The property is served by town water and town sewer. Location works in your favor. The building sits on a high traffic road with exterior signage for strong visibility. It is next to the annual Lyndonville Christmas display, and the town recently upgraded its downtown street lighting. This is a definite value add opportunity. Rents are below market, and with one heating system and one electric system serving the building, a new owner can bill tenants back for utilities to reduce operating costs. Adding mini splits to the remaining units and putting the 4th floor space to use could increase income further. Income and expense information is available. Whether you are an investor or an owner user looking for downtown space, this one is worth a close look.
MLS® Number5116428
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1891
BasementConcrete Floor, Exterior Entry, Storage Space, Interior Stairs
DrivewayOn Street
Garage Spaces
HeatRadiator, Steam
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 31, 2026List Date
$515,000List Price
  • Commute

Commute

Starting Address
Destination Address
61 Depot Street, Lyndon, VT

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