Listing Details

St. Johnsbury, VT 05819 1229 Portland Street

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Presented By: Michael Jones with Coldwell Banker Commercial NNE Advisors;
  • PrimeMLS - 85 - NH
  • MLS# 5103023
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Disclaimer: The information contained in this listing has not been verified by Halliday Real Estate and should be verified by the buyer.
  • SQFT • 15,616

Home Details

Established commercial investment opportunity featuring an approximately 14,835-square-foot finished office building on 5.515 commercial acres. Located about one mile from the center of bustling St. Johnsbury and just minutes from Interstates 91 and 93, the property provides easy access throughout the region. The site has two entrances, two separate parking areas, and approximately 23,000 square feet of paved area. The size and layout of the lot may also offer potential for additional development, subject to state and local approvals. The lower level offers 18 offices, a large training classroom, server room, two utility rooms, three bathrooms, a kitchen, and separate break room. The upper level, which was recently renovated and updated by the tenant, includes 19 additional offices, a conference room, two storage areas, three bathrooms, a kitchen, and reception area. The property generated $317,898 in gross rental income during 2025 and offers a potential cap rate of approximately 19%, based on seller-provided income and operating expenses. The annual rent recently increased by 3% to approximately $332,274, or $27,689 per month. The current lease extends through July 31, 2029, includes annual CPI-based rent increases capped at 3%, and gives the tenant an additional five-year renewal option. The tenant currently pays for utilities, heat, water, sewer, landscaping, snow removal, and other property services. With strong existing income, 37 offices, extensive paved parking, excellent interstate access, and future development potential, this is a unique commercial investment opportunity. Income, expenses, NOI, cap rate, square footage, development potential, and lease information are based on seller-provided and municipal records. All financial information is subject to buyer verification.
Presented By: Michael Jones with Coldwell Banker Commercial NNE Advisors;

Interior Features for 1229 Portland Street

Other Interior Features

InternetHigh Speed Intrnt Avail
BasementNo
Total Number of Units1

General for 1229 Portland Street

Business TypeDevelopment, Investment, Office, Other
CitySt. Johnsbury
DOM46
DirectionsUse GPS. There are two parking levels, one in the front of the building and one behind.
Documents AvailableDeed, Lease Agreements, Tax Map
EasementsYes
Gross Income317898
Last Updated08/31/2026 19:09:00
Net Income275682
Operating Expense42216
Price Per Sq Ft Total AG92.85
Property ClassCommercial Sale
Road FrontageYes
SewerPublic
Status Detail0
Tax Year2025
UtilitiesPropane, Underground Gas, Multi Phone Lines, Telephone at Site
Year Built1980
ZoningCommercial

Exterior for 1229 Portland Street

Lot FeaturesIn Town
Lot Size Area5.52
Lot Size Square Feet240451
Parking FeaturesDriveway, Off Street, Parking Spaces 21+, Paved
Water SourcePublic

Additional Details

Price History

Sadie Halliday

REALTOR
Price $1,449,900
MLS#5103023
Property Type Commercial
Phone 603.660.2321
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