30 Kingman Street St. Albans City, Vermont 05478-2012

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For Sale Status
$699,900 List Price
Multi Type
6 Beds
7 Baths
5,040 Sqft
Listed By The Gardner Group of RE/MAX North Professionals
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Franklin County

Great opportunity to own a classic Main Street building in downtown Saint Albans City. Shooters Saloon is an established bar located on the ground floor with 5 apartments on the above two floors offering endless possibilities. The first floor offers a casual bar area with space for recreation/pool table and 2 bathrooms. Outside patio located adjacent to the bar for outdoor seating. Ample parking available in front of the building as well as a side parking lot. Excellent income potential for both commercial and residential with the five apartments. The 2nd floor houses Apt #5- 1 bedroom-1 bathroom, Apt. #4 2 bedroom 1 bathroom. The 3rd floor houses Apt #1 1 bedroom 1 bath, Apt. #2 1 bedroom 1 bath, Apt. #3 1 bedroom 1 bath. All apartments are currently rented. All electricity and gas are separately metered. Situated in the heart of St Albans close to other restaurants, shops, Northwestern Medical Center and I89 you are in a prime location to develop this retail space. This classic brick building with large storefront windows could be revitalized with the existing bar or bring your own vision with a new retail experience.

Property Location

Property Details

MLS#  4885706 Bedrooms  6 Garage Size   Car
List Price  699,900 Total Bathrooms  7 Year Built  1910
Type  Multi-Family Lot Size  0.0500 Acres Taxes $6,259
Units  5 Stories  3 Road Frontage  
Annual Income  $61,920 Style  Multi-Family, Multi-Level Water Frontage  
Annual Expenses  $0 Finished  5,040 Sqft Construction  No, Existing
Zoning   Business 1 Above Grade  5,040 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Oct 5th, 2021
Gross Income  $61,920 Operating Expenses  $0 Net Income  $45,915
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $690/Monthly Unit 2   1 Beds, 1 Baths, $760/Monthly
Unit 3   1 Beds, 1 Baths, $515/Monthly Unit 4   2 Beds, 1 Baths, $910/Monthly
Unit 5   1 Beds, 1 Baths, $810/Monthly Unit 6   0 Beds, 2 Baths, $1,500/Monthly
ConstructionOther
Basement
Interior Features
Exterior Features
Exterior  Brick Disability Features  
Foundation  Stone House Color  
Floors  Tile, Carpet, Laminate, Hardwood Building Certifications  
Roof  Membrane HERS Index  
DirectionsFrom I-89 take Exit 19 toward US-7; continue onto St Albans State Highway; turn right onto South Main Street (US-7); turn left onto Kingman Street across from Taylor Park; property is on the left.
Lot DescriptionYes, Level, City Lot, Level, Sidewalks, Business District
Garage & Parking  No, , , On Street, On Street, Paid
Road Frontage   Water Access  
Driveway  None Water Type  
Flood Zone  No Water Body  
Zoning  Business 1
School District  Maple Run USD Middle  St. Albans City School
Elementary  St Albans City School High  BFASt Albans
Heat Fuel  , Gas-Natural Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Tank, Gas-Natural Financing  
Cable Co   Documents  Deed
Electric  100 Amp, Circuit Breaker Tax ID  549-173-10843
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† The remarks published on this webpage originate from Listed By The Gardner Group of RE/MAX North Professionals via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.