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38-40 Kingman Street, Saint Albans Bay, VT 05478

$995,000
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Active
MLS#5056948
STATUSActive PROPERTY TYPECommercial - Investment

Listing Courtesy of: Notch Group Real Estate
Agency Phone: 802-280-5044
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Property Description

Unlock the full potential of downtown St. Albans with this remarkable mixed-use property at 38-40 Kingman Street. Perfectly positioned just moments from Taylor Park, vibrant cafs, restaurants and shops, the Amtrak station, and the municipal parking garage, this property places you at the heart of the community's action and convenience. On the first floor, take advantage of 3,500 square feet of prime commercial space, now subdivided into three adaptable units. Boasting an access ramp to the vast basement from the Hampton Lane side of the building, this thoughtful addition enhances the building's functionality, providing a practical solution for both residential and commercial tenants alike. The second floor promises consistent returns, featuring two well-appointed 2bd/1ba apartments and a spacious three-bedroom unit. With a proven track record of very low vacancy rates and below-market rents, the next owner has immediate room for growth. Upside abounds for those ready to raise rents to market levels or simply enjoy a stable, income-producing asset. This is a property designed for those who recognize opportunity and act on it. Whether you're growing your investment portfolio or launching a new commercial venture, 38-40 Kingman Street is your gateway to prosperity in one of Vermont's most dynamic towns. Act now to secure your success?schedule a private tour and discover what makes this address the key to your future growth.

38-40 Kingman Street | MLS# 5056948

This commercial property located at 38-40 Kingman Street, Saint Albans Bay, VT 05478 is currently listed for sale with an asking price of $995,000. Search Saint Albans Bay real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Investment
Basement: Yes
Basement: Concrete Floor, Interior Stairs, Walkout, Interior Access, Exterior Access, Basement Stairs
Lot Size: 0.09 Acres
Roof Type: Flat, Membrane
Taxes: $16,532
Year Built: 1910

Feature Descriptions

Basement Access: Walkout
Days on Site: 249
Exterior: Brick Exterior
Foundation: Brick
Lot: Near Country Club, Near Golf Course, Near Shopping, Near Public Transportatn, Near Railroad, City Lot, Neighbor Business, Rental Complex, Sidewalks, Street Lights, Near Hospital
Parking: Off Premises, On Street, Unassigned
Sale Inclusions: Equipment, Land/Building, Furnishings
Sewer: Public
Transport/Access: City Street, Major Road Access, Public Transportation, Rail Available, Paved
Units: 6
Water: Public
Water Access: No
Water View: No
Zoning: BA

Listed By / Shown By

Listed By

Agency Name: Notch Group Real Estate
Agency Phone: 802-280-5044

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