Barre City, VT | 320 Washington Street

$675,000
MLS#: 5114664
0.42
Acres
0
Road Frontage
0
Sq Ft
$10,575
Taxes
Restore Properties
Two-Tenant Commercial Investment. A fully leased professional office building on 1.5 acres at the corner of Granger Road and Airport Road, with dual frontage adjacent to Edward F. Knapp State Airport, minutes from I-89 Exit 7 and midway between Montpelier and Barre. The building sits minutes from Central Vermont Medical Center, the region's hospital and one of central Vermont's largest employers - a natural draw for medical, professional and service tenants. Berlin's resident population is roughly 2,800, but its daytime population swells to about 22,000 as Central Vermont's retail, medical and employment hub. Berlin holds a state New Town Center designation, granted in April 2021, unlocking state grants, tax increment financing and streamlined Act 250 review. Investment nearby is active: the 98-unit Chestnut Place senior community, the 30-unit Fox Run workforce housing project, and new Starbucks and Chipotle locations. Long-range plans for the Central Vermont Marketplace call for an expanded street grid and up to 300 housing units. The 4,152 SF building is 100% leased to a national insurance brokerage in occupancy since 2021 and a national financial services firm holding Suite 2 continuously since 2008. The anchor renewed in April 2026 through July 2029 with fixed 3% annual escalations; the second tenant runs through August 2028. Both tenants pay their own heat, electricity, water, sewer, sanitation, lawn care and snow removal, plus a proportionate share of tax increases over the 2021 base year, leaving the owner taxes, insurance and structural upkeep. Scheduled base rent is $97,650 with contractual growth in both leases. An unused second-floor one-bedroom apartment offers immediate, unpriced upside. 1984 construction with vinyl siding, shingle roof, forced-air heat and a 2,304 SF full basement. Fiber service. Light Industrial zoning on over an acre leaves substantial room to expand.
Secure a highly visible, high-traffic commercial building on Route 302 with a proven track record. Long known as a neighborhood staple for fuel and U-Haul rentals, AJ’s Sunoco is ready for its next chapter as an ideal asset for an owner-operator or investor. The sellers have diligently maintained the property and made numerous improvements throughout their ownership, including new gas pumps, a canopy fire suppression system, a new walk-in cooler compressor, interior painting, refreshed ceiling tiles, air conditioning, exterior vinyl siding, and paved parking. The property offers versatile commercial uses, with the potential to expand into a larger convenience store while continuing existing fuel sales and U-Haul rental operations. Additional possibilities include converting the second floor into a residential apartment, subject to applicable permits and approvals. The location provides convenient access to downtown Barre City, the hospital, shopping, restaurants, and the interstate.
Rare opportunity to acquire a long-established commercial property in Barre City. Situated on 1.64± acres and improved with a 6,480± square foot building, this property has served Central Vermont for generations, originally as the Jackson Dairy and more recently as the home of a successful automotive and tire business. Purpose-built and adapted over the years to meet changing commercial needs, the property offers multiple service bays, office/showroom space, ample parking and storage areas, and excellent access for customer vehicles and larger trucks. The attractive metal exterior and standing seam roof contribute to the property's strong appearance and functionality. Located across from Spaulding High School and adjacent to the Central Vermont Career Center, the property enjoys a well-known location with convenient access to downtown Barre and surrounding communities. The building's history and flexible layout present opportunities for a variety of commercial uses, subject to permitting and local approvals. Ideal for automotive service, fleet maintenance, contractor operations, warehousing, light industrial, or other commercial endeavors. The real estate and building are being offered for sale. The existing business, equipment, and inventory are negotiable separately. Commercial properties offering this combination of size, utility, and adaptability are seldom available in Central Vermont.

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