St. Johnsbury, VT | 1097 Hospital Drive

Description

Multi-Tenant Investment Property w/Vacancy Opportunity! Welcome to 1097 Hospital Drive in St. Johnsbury, Vermont, located in close proximity to Northeastern Vermont Regional Hospital (NVRH). In-place 2026 CAP Rate of 7.86%, In-Place 2027 CAP Rate of 8.52%, with approximately 2400 SF of vacant space to operate your business or lease it out for a 2027 PROFORMA CAP Rate of 11.19%. Property features 3 buildings, large parking lot, and is located in St. J's "Health Services" zoning district, allowing for a variety of medical (extended care home, health training facility, hospital, medical laboratory, medical office, nursing home, rehab center), self-storage, and residential uses. Building 2 is approximately 75% vacant, with the entire lower level available, and approximately 50% of the 1st floor available, allowing a new owner to occupy and operate their own health services business, or generate additional income by leasing it out. Building 1 is setup as 2 units (1st Floor, Lower Level) and both spaces are currently leased to BAART Programs long-term through 5/31/2030 with a 5 year option for renewal. Building 3 is owned by Beth El Synagogue and they have a long-term (200 year) land lease in place. Prospective buyers must be well-qualified. Additional info and financials are available upon a signed NDA - please inquire! Rare opportunity to acquire property this close to the busy intersection of US Route 5 and Hospital Dr - surround yourself in a commercial hub with complementary health services businesses to drive traffic or lease out the remaining vacancy for a strong investment asset.