Catylist ID:
#30830653
| Catylist Listing ID: | 30830653 |
| Property Subtypes: | Executive Suites, Office Building |
| Building Size (RSF): | 4,736 SF |
| Gross Land Area: | 1.28 Acres |
| Sale Price: | $1,050,000 |
| Unit Price: | $221.71 PSF |
| Property Use Type: | Vacant/Owner-User |
| Class of Space: | Class A |
| Usable Size (USF): | 4,736 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/22/2023 |
Overview / Comments
|
Class A office building, built 1988, conveniently located Hartford, VT, within minutes of I-91 & 89, downtowns of Hanover (NH), White River Jct. (VT), Lebanon and W. Lebanon (NH), and Norwich (VT). Building contains 7 private offices, 2 conference rooms, library, full kitchen and break room, 3/4 and 1/2 baths, 2 reception areas, and large storage room (building square footage cited includes unfinished storage room, approx. 523 sf). 12 parking spaces supplied. Perfectly suited for a professional firm. The property lies in a R3 Zone, so, is non-conforming, grandfathered, but, according to Hartford Zoning Ordinance, current usage could be expanded up to 20%; lot is approx. 1.28 acres, with town water and sewer (8000 sf minimum lot size required for lots), there might be some subdivision potential for residential usage. Building is well-insulated, with relatively new HVAC systems. Sited on an open lot with pleasant views to NH hills and horse farm across the street, building gets great natural light. Roofing is metal standing seam, and siding is wood clapboard. Carpeted floors have newer installation in reception, hall, kitchen areas. Buyer could move right in. Law firm office equipment, desks, bookshelves, kitchen appliances, etc. are still in place, and could be purchased separately. |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $11,995 (Annual) |
Additional Details
| Nearest MSA: | Lebanon |
| County: | Windsor |
| Taxing Authority: | Town of Hartford |
| Tax ID/APN: | 4-30-2 |
| Zoning: | R3 |
| Property Visibility: | Excellent |
| Highway Access: | Within a few miles of I-91, and intersection of I-91 and 89, and, located on US Rte. 5, which runs north-south along the Connecticut River Valley. |
| Airports: | Lebanon Regional Airport |
| Site Description: | Lot is mostly flat and open, with frontage on US Rte. 5 (Christian St.). With 8000 sf minimum lot size and frontage on 2 roads, there may be subdivision potential for residential usage. |
| Area Description: | Spanning the Connecticut River, the “Upper Valley” (“UV”) Region of New Hampshire and Vermont comprises a roughly 30 mile radius centered around the focal point of the closely clustered “Tri-Towns”, Hanover and Lebanon, NH, and Hartford/White River Jct., VT, and, also, the important intersection of Interstates 89 & 91. The UV is an important economic, cultural and academic center, being home to Dartmouth College, Dartmouth-Hitchcock Medical Center, the White River VA Hospital (as well as smaller area hospitals), and many biomedical, engineering and software research and development industries, some of which are spin-offs of research activity at Dartmouth, and it’s Tuck Business School, Thayer Graduate School of Engineering and Geisel Medical School, and the US Army Corps of Engineers’ Cold Regions Research and Engineering Lab (CRREL), located in Hanover. The UV is conveniently located within a two-hour drive to Boston, four and a half hours to NYC, and three hours to Montreal. Lebanon Regional Airport lies close to the interstate intersection, and the area is also serviced by Burlington International Airport, Manchester-Boston Regional Airport, and Logan Airport in Boston, plus an Amtrak route running through White River Jct. In addition to Dartmouth College and its associated graduate programs, the UV is home to Colby-Sawyer College, Granite State College and River Valley Community College. The area is home to a vibrant arts community, boasts several well-known authors, hosts theatre and opera groups, art galleries and museums. There is much to do throughout the year, with Dartmouth athletic events, numerous hiking trails, including the Appalachian Trail, numerous farmers’ markets in the warmer months, numerous golf courses and ski areas within and close by. The area is known for it’s beauty, and attracts tourists throughout the year, most notably during the Fall Foliage season, when busloads of “leaf-peepers” tour the area. It is a highly desirable place to live, with a great quality of life and opportunity for growth. Total population, according to the 2020 Census ranges from approximately 154,252 to 115,412, depending on which towns are included in the definition of the Upper Valley, of which there are a few different opinions (towns such as, in NH, Charlestown, Dorchester, New London, Newport, Sunapee, Unity, and, in VT, Bethel, Bridgewater, Corinth, Randolph, Springfield, being, in any case, on the outer fringes, in to some, not included) |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Year Built: | 1988 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Siding |
| Exterior Description: | Standing Seam roofing and wood clapboard siding |
| Parking Type: | Surface |
| Parking Description: | Parking is onsite, with 12 spaces identified, room for more, and ability to expand if needed. |
| Total Parking Spaces: | 12 |
| Sprinklers: | None |
| Heat Type: | Propane |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Interior Description: | Interior is well-suited for professional office space, with carpeted floors, built-in book shelving, custom cabinetry and desks. |
| Zoning Description: | R3 (Residential); office usage is non-conforming grandfathered. Expansion of building and usage would be allowed up to 20%. |
| Lot Frontage: | 309.3 |
| Lot Depth: | 200+ |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Land Ownership: | Partnership |
| Legal Description: | Warranty Deed, Book 130, Page 72, Hartford Town Records. Span #28509012456. Tax Map 4, Lot 30-2. |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 16,534 | 31,159 |
| Median Age: | 34.32 | 38.22 |
| Households: | 5,749 | 12,463 |
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