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Adam Dow

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

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1229 Portland St , St. Johnsbury, VT 05819
$1,449,900
Est. Payment: $3,222.00/mo
0 Bed
0 Bath
15616 Sqft
Status: Active | Days on site: 28
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6815 - 630720
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House 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.

Highlights

Listed by Michael Jones , 802-503-5333 Coldwell Banker Commercial NNE Advisors , 603-226-2100.

Property Type

Commercial Sale

Lot/Acreage
5.52

Year Built

1980

County

Caledonia

Listing ID

5103023

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:No

Exterior Features

Lot:In Town
Zoning:Commercial
Sewer:Public
Parking Features:Driveway,Off Street,Parking Spaces 21+,Paved
Principal Interest
$3,222
Taxes
$2,247

Home Price

$1,449,900

Loan Details

30 yrs
%

Down Payment

20%
$289,980
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Monthly Price:
$3,222.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,222.00 $2,246.89 $0.00 $5,468.89
Yearly $38,664.00 $26,962.70 $0.00 $65,626.70
Total $1,159,920.00 $808,881.00 $0.00 $1,968,801.00

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 (St. Johnsbury, 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.