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Listed by Hughes Group Team of Casella Real Estate
Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 20, 2024 2:37 AM EDT

 

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