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$700,000

  • Sold
  • Closed
  • Commercial Investment
See This Home
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GREAT INVESTMENT PACKAGE--100% occupancy, recent needed siding work and HVAC upgrades completed, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Net income based on 2024 income and expenses approx. $104,960, projected to be higher in 2025 due to full occupancy. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.

Full Property Details for 368 River St

General

  • Sold For: $700,000
  • Taxes: $18,104 (2025)
  • Status: Closed
  • Type: Commercial Investment
  • Source: PrimeMLS
  • MLS ID: 4910367
  • Added to Site: 1, 417 day(s) ago

Parking

  • Parking: Off Street, On-Site, Parking Spaces 21+, Paved

Location

  • County: Windsor
  • Driving Directions: West out of Springfield downtown on Rte. 11, veer right onto River St./Rte. 106, approx. 2.3 miles for center of downtown, look for property on south side of road, just west of VTel and Ace Hardware.

Heating & Cooling

  • Cooling Type: Central AC, Multi Zone
  • Heating Type: Forced Air, Hot Air, Multi Zone, Propane

Utilities

  • Sewer: Public

Structural Information

  • Basement Entrance: Walkout
  • Basement Desc.: Concrete, Concrete Floor, Full, Exterior Stairs, Assigned Storage, Locked Storage, Storage Space, Unfinished, Walkout, Exterior Access, Basement Stairs
  • Roof: Asphalt Shingles
  • Square Feet: 31,150
  • Finished Total: 15,211 Sq. Ft.
  • Year Built: 1986

Unit Information

  • Units in Building: 12

Lot Features

  • Lot Size (Acres): 1.12
  • Lot Size (Sq. Ft.): 48,787
  • Frontage: Yes Road Frontage
  • Frontage Feet: 200
  • Zoning: "General Business"

Financial Considerations

  • Price Per Sq. Ft.: $22.47
  • Assessment Year: 2024
  • Assessment Amount: $511,800
  • Tax Amount: $18,104.4
  • Tax Year: 2025

Timeshare

  • Fractional Own: Adequate

Disclosures and Reports

  • Documents Avail.: Deed, Property Disclosure, Survey, Tax Map, Town Approvals
  • Surveyed: Yes
  • APN: 606-190-14481

Listed by Big Green Real Estate, William H Johnson
Sold by Century 21 Highview Realty, Ross P Doody

Listed by Big Green Real Estate, William H Johnson
Sold by Century 21 Highview Realty, Ross P Doody

Listing agent

— 368 River St —

  • William H Johnson

    Big Green Real Estate

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NMLS#: 1598647

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Price & Sales History for 368 River St

Date
Details
Price
Change
Source
8/22/2025
Sold
$700,000
-12.5%
MLS
3/04/2025
Price Reduced
$800,000
-5.88%
MLS
9/06/2023
Price Reduced
$850,000
-14.57%
MLS
9/08/2022
Price Reduced
$995,000
-13.48%
MLS
5/17/2022
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Big Green Real Estate, William H Johnson
Sold by Century 21 Highview Realty, Ross P Doody

368 River Street, Springfield, VT 05156 (MLS# 4910367) is a Commercial Investment property that was sold at $700,000 on August 22, 2025. Want to learn more about 368 River Street? Do you have questions about finding other Commercial Investment real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.