156 Main ST, Ludlow, VT 05149
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156 Main ST, Ludlow, VT 05149
156 Main ST, Ludlow, VT 05149
156 Main ST, Ludlow, VT 05149
156 Main ST, Ludlow, VT 05149
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Geralyn Donohue

Geralyn Donohue

+1(802) 377-7096
Listed by John M Napier • TPW Real Estate
$ 1,690,000
Est. payment /mo
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Active

156 Main ST Ludlow, VT 05149

10 Beds

8 Baths

7,566 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,566 sqft

Price per Sqft $223

MLS Listing ID 5085830

Bedrooms 10

Full Baths 8

Construction Status Existing

Year Built 1990

Annual Tax Amount $13,821

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 commercial, 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

Flooring Carpet, Ceramic Tile, Laminate, Vinyl

Exterior

Utilities Available Cable Available, Telephone Available

Roof Type Bitumen,Membrane

Building

Story 2

Sewer Public Sewer On-Site

Architectural Style Apartment Building, Multi-Family, Multi-Level

Construction Status Existing

PrimeMLS

NEARBY SCHOOLS & PROPERTIES

Geralyn Donohue

Geralyn Donohue

Broker Associate | License ID: 081.0004386

+1(802) 377-7096

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156 Main ST