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Listed by John M Napier • TPW Real Estate
$ 1,690,000
Est. payment /mo
Active
156 Main ST Ludlow, VT 05149
7,566 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,566 sqft
Price per Sqft $223
MLS Listing ID 5082810
Year Built 1990
Annual Tax Amount $13,281
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Property Description
In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village providing it with excellent visibility, walkability, and proximity to Ludlow's charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an onsite parking lot for 15 vehicles as well as on-street parking. The building's exterior is vinyl-sided with wood trim and the windows are double pane. This property definitely has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor's dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont's most desirable communities. It is a must see!
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning village, downtown
Rooms
Basement Entrance Interior
Basement Bulkhead, Climate Controlled, Concrete, Concrete Floor, Full, Exterior Stairs, Interior Stairs, Assigned Storage, Sump Pump, Interior Access, Exterior Access, Basement Stairs
Interior
Cooling None
Inclusions Land/Building
Exterior
Utilities Available Cable at Site, Cable Available
Roof Type Bitumen,Membrane
Building
Sewer Public, Public Sewer On-Site
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