192 Chelsea StRoyalton, VT 05068

Property Details for 192 Chelsea St

Year built

1989

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

8,194 SF

Property type

Investment properties

Property subtype

Live-work space

APN

(168) L--330

APU

168L330

Description

This exceptional commercial property at 192 Chelsea Street in Royalton, Vermont, offers approximately 830 square feet of street-level space in a prime downtown location. Situated at a major intersection in South Royalton, this property boasts excellent visibility and exposure. Across the street from Vermont Law School, it benefits from high foot traffic and proximity to a significant student population. The space overlooks the village green, providing an attractive and accessible setting for a variety of businesses. Previously used as a dining area for a restaurant/bar/pizza establishment, the space is versatile and adaptable to various commercial uses. Some existing restaurant furniture, including tables, chairs, and booths, remains on the premises. The total building size is 8,194 square feet, and this offering comprises a portion of that space. The property sits on a 0.11-acre lot. The asking price is $2,000. Utilities are tenant-responsible, with heat and electricity prorated based on square footage. This presents a unique opportunity for a business seeking a high-traffic, visible location in a vibrant Vermont community. The proximity to Vermont Law School is a significant advantage, offering a built-in customer base and potential for synergy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,035,517

  6.5%

  $1,878,938

  7%

  $1,744,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,077,824

  Geo Method

  $1,070,628

• Alternative Use

  Use

  Valuation

  Residential

  $2,329,884

  Hospitality

  $2,134,161

  Educational

  $1,775,597

  Medical

  $1,836,662

  Retail

  $2,762,040

Location Insight

City

South Royalton

County

Windsor

State

Vermont

Latitude

43.8206

Longitude

-72.5218

CBSA code

30100

CBSA name

LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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