2 Federal St - Specialty FOR SALE


Saint Albans, VT 05478
$1,125,000 USD
802-598-1168
2 Federal St, Saint Albans, VT for Sale
$1,125,000 USD
Specialty - FOR SALE
1/10

2 Federal St
Saint Albans, VT 05478


HIGHLIGHTS

  • Lots of natural light
  • High trafficked area

OVERVIEW

This unique property is ripe and ready for re-development on the corner of Lake Street and Federal Street in downtown St. Albans, VT. VT Commercial is pleased to offer this former train station property to the market. Approximately a 23,000 SF stand alone brick commercial building boasting with historic charm and culture dating back to when it was first built in mid 1800’s. St. Albans, known as “Rail City”, offered a hub of railroad activity with 23 rail lines coming into St. Albans right near this location. History photos show a portion of the building over the tracks and it has since been removed. The architecture offers lots of tall windows offering tons of natural light, the high ceilings offer a feel of openness and volume and if walls could speak, there is lots of history here. Three levels of space, with a main staircase, but no elevator. This building has historic safe rooms that at a quick look seem to be stacked in place over the top of each other, which might bode as an elevator shaft area for a redevelopment. This building was used as office space for the owner but has been recently vacated. Being sold “as-is- where is” and subject to State of VT sign off. SMACK letters on file at the State.

FOR SALE DETAILS

PRICE

$1,125,000 USD

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

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STORIES

3

BUILDING CLASS

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YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

John BealV/T CommercialMore Info
802-598-1168

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John BealV/T CommercialMore Info
802-598-1168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.