Listing Presented by:
Contact Jaeger
| Investment Opportunity | |
| Price: | $3,750,000 |
| Address: | 8-12 North Main Street |
| St. Albans , Vermont | |
| Use: | Multifamily/Office/Retail |
| Type: | Mixed use |
| Size: | 21,628 |
| Available: | |
| Parking: | |
Description:
The Taylor Park Residences in St. Albans is in the heart of the downtown. The location truly epitomizes walkable living with easy access to many of the area’s amenities such as coffee shops, restaurants, retail stores and more. Tenants also have easy access to I-89, Route 7, and Route 105. With apartments overlooking beautiful downtown St. Albans and Taylor Park, the Taylor Park Residences and commercial space offer the unique opportunity to enjoy upscale living in a charming Vermont location.
This historic building has long been a landmark presiding over downtown St. Albans and Taylor Park. It was originally built as an office building with a bank on the 1st floor, and has since been modernized, with 6,049 +/- RSF of commercial space and 12 newly renovated loft, one- and two-bedroom apartments. Taylor Park pay homage to the original historic features, while providing fresh, modern upscale apartments and convenient downtown living. With apartments overlooking beautiful Taylor Park, the Taylor Park Residences and Commercial Spaces offer a true taste of St. Albans, both past and present.
In 2018, this building underwent a complete renovation to create 8 residential apartments. The remaining 4 were converted shortly after in 2020. In 2024, the 1st floor retail was renovated to accommodate the VNA of the Southwest Region, who signed a long-term 15-year lease which expires in 2039. The upgrades include new electrical/plumbing, new windows, new heating systems, elevator, 1st floor office renovation, etc.
Total Capital Improvements exceed $2.9M.
The apartments feature stainless steel appliances, quartz countertops, slate-stained maple cabinets, energy efficient washer & dryers, highly efficient heat pumps for heating & cooling, premium park views, exposed brick walls (some).
Taylor Park Residences is turnkey with tenants in place!
COMMERICAL
- VNA of the Southwest Region
14 years remain on the lease
APARTMENTS – 12 TOTAL
- One studio
- Three 1-bedroom + den
- Four 2-bedroom/ 2 bathroom
- Four 2-bedroom/2 bathroom + den
100% Occupancy