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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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752 Granger Rd , Berlin, VT 05641
$699,000
Est. Payment: $1,553.33/mo
0 Bed
0 Bath
4152 Sqft
Status: Active | Days on site: 26
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House Description

Two-Tenant Commercial Investment. A fully leased professional office building on 1.5 acres at the corner of Granger Road and Airport Road, with dual frontage adjacent to Edward F. Knapp State Airport, minutes from I-89 Exit 7 and midway between Montpelier and Barre. The building sits minutes from Central Vermont Medical Center, the region's hospital and one of central Vermont's largest employers - a natural draw for medical, professional and service tenants. Berlin's resident population is roughly 2,800, but its daytime population swells to about 22,000 as Central Vermont's retail, medical and employment hub. Berlin holds a state New Town Center designation, granted in April 2021, unlocking state grants, tax increment financing and streamlined Act 250 review. Investment nearby is active: the 98-unit Chestnut Place senior community, the 30-unit Fox Run workforce housing project, and new Starbucks and Chipotle locations. Long-range plans for the Central Vermont Marketplace call for an expanded street grid and up to 300 housing units. The 4,152 SF building is 100% leased to a national insurance brokerage in occupancy since 2021 and a national financial services firm holding Suite 2 continuously since 2008. The anchor renewed in April 2026 through July 2029 with fixed 3% annual escalations; the second tenant runs through August 2028. Both tenants pay their own heat, electricity, water, sewer, sanitation, lawn care and snow removal, plus a proportionate share of tax increases over the 2021 base year, leaving the owner taxes, insurance and structural upkeep. Scheduled base rent is $97,650 with contractual growth in both leases. An unused second-floor one-bedroom apartment offers immediate, unpriced upside. 1984 construction with vinyl siding, shingle roof, forced-air heat and a 2,304 SF full basement. Fiber service. Light Industrial zoning on over an acre leaves substantial room to expand.

Highlights

Listed by Kevin S Casey , 802-752-2139 Coldwell Banker Hickok & Boardman / E. Montpelier , 802-863-1500.

Property Type

Commercial Sale

Lot/Acreage
1.5

Year Built

1984

County

Washington

Listing ID

5106091

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Yes,Crawl Space

Exterior Features

Zoning:Light Industrial
Roof:Asphalt Shingle
Sewer:Private
Parking Features:Parking Spaces 11 - 20,Paved
Principal Interest
$1,553
Taxes
$1,383

Home Price

$699,000

Loan Details

30 yrs
%

Down Payment

20%
$139,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,553.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,553.33 $1,383.25 $0.00 $2,936.58
Yearly $18,640.00 $16,599.00 $0.00 $35,239.00
Total $559,200.00 $497,970.00 $0.00 $1,057,170.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Berlin, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.