$1,449,900

For Sale

14 days ago

1229 Portland Street, St. Johnsbury, VT

Name: 1229 Portland Street, For Sale in St. Johnsbury - eXp Realty
Brand: Coldwell Banker Commercial NNE Advisors
SKU: 5103023
Price: 1449900 USD

House

MLS® 5103023

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $26,963

Days Active 14

Lot Size 5.52 Acres

Approx. Age 1980

MLS® Number 5103023

Property Address: 1229 Portland Street, St. Johnsbury, VT, 05819

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

Description

Established commercial investment opportunity featuring an approximately 14, 835-square-foot finished office building on 5.515 commercial acres. Located about one mile from the center of bustling St. Johnsbury and just minutes from Interstates 91 and 93, the property provides easy access throughout the region. The site has two entrances, two separate parking areas, and approximately 23, 000 square feet of paved area. The size and layout of the lot may also offer potential for additional development, subject to state and local approvals. The lower level offers 18 offices, a large training classroom, server room, two utility rooms, three bathrooms, a kitchen, and separate break room. The upper level, which was recently renovated and updated by the tenant, includes 19 additional offices, a conference room, two storage areas, three bathrooms, a kitchen, and reception area. The property generated $317, 898 in gross rental income during 2025 and offers a potential cap rate of approximately 19%, based on seller-provided income and operating expenses. The annual rent recently increased by 3% to approximately $332, 274, or $27, 689 per month. The current lease extends through July 31, 2029, includes annual CPI-based rent increases capped at 3%, and gives the tenant an additional five-year renewal option. The tenant currently pays for utilities, heat, water, sewer, landscaping, snow removal, and other property services. With strong existing income, 37 offices, extensive paved parking, excellent interstate access, and future development potential, this is a unique commercial investment opportunity. Income, expenses, NOI, cap rate, square footage, development potential, and lease information are based on seller-provided and municipal records. All financial information is subject to buyer verification.

MLS® Number5103023

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1980

Basement

DrivewayDriveway, Off Street, Paved, Parking Spaces 21+

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 3, 2026List Date

$1,449,900List Price

Commute

Commute

Starting Address

Destination Address

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