Price Reduced Listing
Description
In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village providing it with excellent visibility, walkability, and proximity to Ludlow’s charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an onsite parking lot for 15 vehicles as well as on-street parking. The building’s exterior is vinyl-sided with wood trim and the windows are double pane. This property definitely has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor’s dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont’s most desirable communities. It is a must see!
Details
| MLS # | 5085830 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1990 |
| Days On Site | 116 |
| Listing Provided By | TPW Real Estate | John M Napier |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 9 |
| Zoning | commercial, downtown |
| Acreage | 0.38 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Oil, Baseboard, Hot Water, Zoned |
| Appliances | Domestic Water Heater, Water Heater off Boiler |
Exterior
| Exterior Features | Window Screens, Double Pane Window(s), Storm Window(s) |
|---|---|
| Roof | Bitumen, Membrane |
| Construction Materials | Wood Frame, Vinyl Exterior, Vinyl Siding |
| Foundation Details | Concrete, Poured Concrete |
| Lot Features | City Lot, Curbing, Level, Mountain View, Neighbor Business, Recreational, Sidewalks, Street Lights, In Town, Near Golf Course, Near Shopping, Near Skiing, Near Snowmobile Trails, Near Public Transit, Near School(s) |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Deeded, Off Site, Off Street, Parking Spaces 11 - 20, Paved |
Utilities
| Utilities | Cable Available, Phone Available |
|---|---|
| Electric | 100 Amp Service, 200+ Amp Service |
| Sewer | Public Sewer On-Site |
Taxes
| Tax Annual Amount | 13821 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Windsor |
| City | Ludlow |
| Zip Code | 05149 |
| Area | VT Windsor |
| Listing VS Median (in 05149) | |
Price: $1,550,000 low | high Med: $397,000 On site: 116 low | high Med: 610.5 | |
Market Activity 05149
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Learn More About This Property
| State | VT |
|---|---|
| County | Windsor |
| City | Ludlow |
| Zip Code | 05149 |
| Area | VT Windsor |
| Listing VS Median (in 05149) | |
Price: $1,550,000 low | high Med: $397,000 On site: 116 low | high Med: 610.5 | |
 | $95,000145 Main StreetLudlow, VT 05149 |
 | $525,00018 Pleasant StreetLudlow, VT 05149 |
 | $1,250,000130 Main StreetLudlow, VT 05149 |