Mixed Use Investment Property – Milton, VT

12 River St. Milton, VT

Quick Summary

For Sale
6426 sq ft

Property Description

Investors, landlords & entrepreneurs this is your opportunity to own an impeccably maintained & updated mixed-use treasure in Chittenden County. Central to Milton’s business district & only minutes to I-89, this unique 2.5 story property contains 3 residential apartments in the upper level, with 5 business units beneath. All units are currently leased to reliable tenants – with five flourishing businesses operating on the lower level. In addition to ample parking & handicap accessibility, this property is convenient & functional – the owner has done endless updating to ensure ultimate efficiency & extend the longevity of the building. With over 6,000 sq. feet of finished, usable space the opportunities are endless. Every aspect of exterior upkeep has been covered – fresh pavement throughout the parking lots & driveway, retention areas to deter excess water, new shingles on the residential portion of the building & a white rubber membrane roof. A fully functioning drilled well exists on the property, should the new owner choose to switch from municipal water. With a new stainless steel liner installed in the chimney just last year – the dedication to this property is evident. Vast interior updating was complete in 2019, including new polished concrete in the commercial section, suspended ceilings, new wiring & LED lighting. An ADA bathroom was also installed, as well as a leisure room & a break-room for employees. Call Matt for full investment package.

Property Is Co-Listed with The Kingsland Co. and Caldwell Banker Hickok & Boardman.  MLS #4923114

Additional Information

  • 6,426 SF
  • 3 Apartments
  • 5 Commercial Units
  • Projected NOI 2022 - $53,885


Contact Matt Tedder