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1123 Main StreetFairfax, VT 05454MLS Number 4665418

  • Price: $285,000The price has recently decreased
  • 149 Days on Market
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Price Down Payment Interest Rate Years

Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-12-21

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 2470Square Feet
  • 0.25Acreage
  • 1870Year Built
  • StoneFoundation

Rare investment opportunity with 2 Residential Units and 1 Commercial Unit in a quaint 19th century building in Fairfax, VT! This 3-unit building boasts over 2,700 sqft of finished space, 80 +/- ft of frontage along Main St with 9 parking spaces per site plan. Ground floor is currently functioning as a bakery with 24-person occupancy load and two apartments occupying the second floor and third floors. The sale includes business assets including furniture, appliances, kitchen equipment and many small fixtures; offering a favorable and seamless transition for potential purchasers to continue the business. Residential units include a 2br/1ba with current month to month lease and 1br/1ba with current yearly lease. Total monthly rent for combined units is $1475 p/m. Recent improvements in the apartments with newer windows, flooring and carpet and a newer main roof. Full basement for storage and a rear detached 2-bay garage is located in the rear parking lot. Garage is split into three sections and has been leased in the past. Current wastewater permit in place for existing use and occupancy - GMP for power - Comcast for cable/internet and phone - Building runs off both oil and propane. Covenant location in downtown Fairfax with high visibility. Minutes from I89 providing easy access to St. Albans and Burlington.

Listed by Curtis Trousdale and Alex Danis of Preferred Properties

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802.585.1131 or send a message:

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Your Local Office

Nick Lizotte - StoweVT.com
105 Depot St #3388
Stowe VT, 05672

Office: 802.585.1131

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Basic Information

  • Modification Date02/02/2018
  • List Price$285,000
  • Date Listed2017-10-21T00:00:00
  • StatusACT
  • MLS Number4665418


  • Property TypeCommercial Sale
  • Road Frontage81
  • ZoningHigh Density Res
  • Lot Sqft10890
  • TypeBusiness, Investment, Multi-Family
  • SignageNone
  • Acreage0.25


  • Zip05454
  • StateVT
  • Building Number1123
  • TownFairfax
  • CountyFranklin
  • AreaIn Town, Near Paths, Village
  • StreetMain


  • Parking Spaces
  • RoofMetal, Standing Seam
  • ExteriorWood Siding


  • Square Feet2470
  • Year Built1870
  • FoundationStone
  • Units3
  • ConstructionWood Frame
  • Available Sqft2470


  • BasementConcrete Floor, Stairs - Exterior, Unfinished


  • FuelGas - LP/Bottle, Oil
  • Heating CoolingIndividual
  • Phone CompanyComcast, Fairpoint


  • Broker NamePreferred Properties
  • Agent NameTrousdale
  • bloggingYes
  • Book134
  • Page439
  • Delayed ShowingsNo
  • Number of Photos27
  • View Count1

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