2 Federal StSaint Albans City, VT 05478

Property Details for 2 Federal St

Year built

1825

Lot size

18.37 AC

Property size (Sq ft)

7,738 SF

Property type

Office properties

APN

(173) 23033-002

APU

17323033002

Description

This exceptional mixed-use property, located at 2 Federal Street in St. Albans City, Vermont, presents a unique redevelopment opportunity. The 22,000 square foot building boasts stunning architectural details, including ornate moldings, high ceilings, and unique fixtures, all meticulously preserved. Large windows flood the interior with natural light, offering breathtaking views. Currently vacant, this property is ideal for a wide range of uses, from commercial spaces to community centers or artistic venues. Its prime location in a vibrant business district provides convenient access to transportation and amenities. The property is being sold "as is/where is" and may be subject to Vermont Statutes Title 5. The asking price is $1,700,000. This is a chance to acquire a landmark building with significant historical character and immense potential in a thriving Vermont community. The property's size and features offer considerable flexibility for adaptive reuse, making it an attractive investment for developers seeking a unique and impactful project. Don't miss this chance to own a piece of St. Albans history. The zip code is 05478.

• CAP approach

  CAP return

  Valuation

  6%

  $1,922,239

  6.5%

  $1,774,375

  7%

  $1,647,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,017,843

  Geo Method

  $1,011,047

• Alternative Use

  Use

  Valuation

  Residential

  $2,200,224

  Hospitality

  $2,015,394

  Educational

  $1,676,784

  Medical

  $1,734,451

  Retail

  $2,608,331

Location Insight

City

Saint Albans

County

Franklin

State

Vermont

Latitude

44.8109

Longitude

-73.0859

CBSA code

15540

CBSA name

BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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