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2 Federal St 23,000 SF Specialty Building Offered at $1,555,313 CAD in Saint Albans, VT 05478



INVESTMENT HIGHLIGHTS
- Lots of natural light
- High trafficked area
EXECUTIVE SUMMARY
This unique property is ripe and ready for re-development on the corner of Lake Street and Federal Street in downtown St. Albans, VT.
VT Commercial is pleased to offer this former train station property to the market. Approximately a 23,000 SF stand alone brick commercial building boasting with historic charm and culture dating back to when it was first built in mid 1800’s. St. Albans, known as “Rail City”, offered a hub of railroad activity with 23 rail lines coming into St. Albans right near this location. History photos show a portion of the building over the tracks and it has since been removed. The architecture offers lots of tall windows offering tons of natural light, the high ceilings offer a feel of openness and volume and if walls could speak, there is lots of history here.
Three levels of space, with a main staircase, but no elevator. This building has historic safe rooms that at a quick look seem to be stacked in place over the top of each other, which might bode as an elevator shaft area for a redevelopment.
This building was used as office space for the owner but has been recently vacated. Being sold “as-is- where is” and subject to State of VT sign off. SMACK letters on file at the State.
VT Commercial is pleased to offer this former train station property to the market. Approximately a 23,000 SF stand alone brick commercial building boasting with historic charm and culture dating back to when it was first built in mid 1800’s. St. Albans, known as “Rail City”, offered a hub of railroad activity with 23 rail lines coming into St. Albans right near this location. History photos show a portion of the building over the tracks and it has since been removed. The architecture offers lots of tall windows offering tons of natural light, the high ceilings offer a feel of openness and volume and if walls could speak, there is lots of history here.
Three levels of space, with a main staircase, but no elevator. This building has historic safe rooms that at a quick look seem to be stacked in place over the top of each other, which might bode as an elevator shaft area for a redevelopment.
This building was used as office space for the owner but has been recently vacated. Being sold “as-is- where is” and subject to State of VT sign off. SMACK letters on file at the State.
PROPERTY FACTS
| Price | $1,555,313 CAD | Building Size | 23,000 SF |
| Price Per SF | $67.62 CAD | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1940 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Price | $1,555,313 CAD |
| Price Per SF | $67.62 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Building Size | 23,000 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
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Walk Score®
Very Walkable (88)
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2 Federal St
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