Medical Office Investment Property

99 Court Street, Middlebury, VT

Quick Summary

Price
$600,000
Type:
Investment
Status:
Sold
Size:
6,848 sq ft

Property Description

99 Court Street in Middlebury, VT is an approximately 1.39 acre parcel improved with two office and residential buildings. The first floor of the main building is leased to Spineworks, a community-based spine center. The second floor of the main building is a fully furnished residential apartment. The medical office space was professionally fit up in 2010 by Dr. Lefkoe and includes many substantial upgrades to the building. The second floor apartment is spacious and used by the owner, Porter Medical Center, for visiting doctors and other professionals. In addition to these two units, there is second floor space in the front of the building that was formerly an apartment, which with some renovations, could be converted back. The second building on the property is the carriage house which has two apartments, one on the first floor and one on the second floor. The first floor apartment is also fully furnished and used by Porter Medical while the second floor apartment has been rented long term to a tenant. All three apartments are equipped with washers and dryers. The site has an abundance of parking, nicely manicured lawns and good visibility on Court Street, the gateway to downtown Middlebury.

Disclosure: Spineworks, as part of their lease, has an Option to purchase the building. Please contact Duncan for more information on this.

Contact Duncan Harris