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Charlotte Gill

charlotte@obergagency.com +1(207) 256-0638

Listed By John M Napier TPW Real Estate

$ 1,550,000

Est. payment | -/mo

7,566 SqFt

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$ 1,550,000

Est. payment | -/mo

Save

7,566 SqFt

Key Details

Property Type Commercial

Listing Status Under Contract

Purchase Type For Sale

Square Footage 7,566 sqft

Price per Sqft $204

MLS Listing ID 5082810

Year Built 1990

Annual Tax Amount $15,970

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 $160,200. 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 Assigned Storage, Basement Stairs, Bulkhead, Climate Controlled, Concrete, Concrete Floor, Exterior Access, Exterior Stairs, Full, Interior Access, Interior Stairs, Sump Pump

Interior

Heating Baseboard, Floor Furnace, Hot Water, Oil, Boiler

Cooling None

Inclusions Land/Building

Exterior

Utilities Available Cable at Site, Cable Available

Roof Type Bitumen,Membrane

Building

Lot Description In Town, Near Country Club, Near Golf Course, Near Shopping, Near Skiing, Near Public Transport, City Lot, Curbing, Level, Major Road Frontage, Mountain View, Neighbor Business, Sidewalks

Sewer Public, Public Sewer On-Site

Water Public, Public Water On-Site

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 256-0638

charlotte@obergagency.com

132 Bridgton Rd, Bridgton, Maine 04009, USA

156 Main ST Ludlow, VT 05149

Charlotte Gill

Key Details

Location

Rooms

Interior

Exterior

Building

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156 Main ST