Listing Provided Courtesy Of:
Curtis Trousdale with Preferred Properties.

$285,000 1123 Main Street Fairfax, VT

MLS: 4665418   Type: Commercial   County: Franklin   City: Fairfax   Area: Franklin   Neighborhood: Mill Brook   Zip: 05454   Style: Business,Investment,Multi-Family     Taxes: $3,539

Mortgage $1,338 /mo



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Rare investment opportunity with 2 Residential Units and 1 Commercial Unit in a quaint 19th century building in Fairfax, VT! This 3-unit building boasts over 2,700 sqft of finished space, 80 +/- ft of frontage along Main St with 9 parking spaces per site plan. Ground floor is currently functioning as a bakery with 24-person occupancy load and two apartments occupying the second floor and third floors. The sale includes business assets including furniture, appliances, kitchen equipment and many small fixtures; offering a favorable and seamless transition for potential purchasers to continue the business. Residential units include a 2br/1ba with current month to month lease and 1br/1ba with current yearly lease. Total monthly rent for combined units is $1475 p/m. Recent improvements in the apartments with newer windows, flooring and carpet and a newer main roof. Full basement for storage and a rear detached 2-bay garage is located in the rear parking lot. Garage is split into three sections and has been leased in the past. Current wastewater permit in place for existing use and occupancy – GMP for power - Comcast for cable/internet and phone – Building runs off both oil and propane. Covenant location in downtown Fairfax with high visibility. Minutes from I89 providing easy access to St. Albans and Burlington.

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Price History

10/25/2017 Listed $285,000

Area Description In Town, Near Paths, Village
Building Number 1123
Construction Wood Frame
Features - Commercial Furniture Included, Living Space Available, Public Restrooms, Smoke/Heat Detectors, In-Unit Bathroom
Type Commercial Sale
Unit Number A-C
Zoning High Density Res

Interior Features

Basement Yes
Basement Access Type Walkout
Basement Description Concrete Floor, Stairs - Exterior, Unfinished
Electric 200 Amp, On-Site
Equipment Central Vacuum
Gas - Natural Available Unknown
Heating Individual
Heating Fuel Gas - LP/Bottle, Oil
Total Elevators 0
Total Number of Units 3

Exterior Features

Exterior Wood Siding
Foundation Stone
Lot Description City Lot, Corner, Major Road Frontage, River Frontage, Sidewalks
Lot Size Area 0.25
Parking Driveway, Off Street, On-Site, Parking Spaces 5 - 10, Paved
Road Frontage Yes
Road Frontage Length 81
Roof Metal, Standing Seam
Sewer Public
Total Drive-in Doors 0
Total Loading Docks 0
Water Public
Water Body Access Owned
Water Body Name Mill Brook
Water Body Type River

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Gallery (27 photos)

Listing Provided Courtesy Of:
Curtis Trousdale with Preferred Properties.

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Property vs Zip Code Avg (05454)

Price 285K Avg 285K

Sqr Feet 2,470 Avg 2,470

Cost / Sqr Ft $115 Avg $115

Taxes $3,539 Avg $3,539

Acres 0.25 Avg 0.25

Visits 6 Avg 7

Days on Site 126 Avg 126

Walkscore® 24 Avg 24

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Listing Provided Courtesy Of: Curtis Trousdale with Preferred Properties.

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Location & Address

John Abry
875 Roosevelt Highway, Suite 210
Colchester, VT