List Price: $699,000 | $168 per sq.ft. Commercial
Space type
Date Listed Friday Aug 21, 2026 | MLS# 5106091
Space type
Date Listed Friday Aug 21, 2026 | MLS# 5106091
To see this Listing
Address: 752 Granger Road Berlin VT
Listed by Kevin Casey Coldwell Banker Hickok & Boardman / E. Montpelier Cell: 802-272-3266
Description:
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.
Sale Includes : Land/Building
Listed by Kevin Casey Coldwell Banker Hickok & Boardman / E. Montpelier Cell: 802-272-3266
Description:
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.
Sale Includes : Land/Building
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 0
Gross Income| 97650
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Gross Income| 97650
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1984
Wood Frame
Price Per SQ.FT. 168.35 No. of Units: 3
Building Size : 4152
Year Built: 1984
Wood Frame
Price Per SQ.FT. 168.35 No. of Units: 3
Building Size : 4152
ExteriorRoof: Asphalt Shingle
InteriorBasement: Crawl Space
Land Information
Lot size: 1.5 acres
Zoned: Light Industrial
Surveyed: Yes
Flood Zone: No
Road Frontage: 673
Road Frontage: 673
No. of Docks | 0.
UtilitiesHeating: Forced Air
Electric: 200+ Amp Service
Utilities: Cable Available | Telephone at Site
AC % | 0.
Additional Information
Taxes $16,599
Assesed Value Not Reported
Taxes $16,599
Assesed Value Not Reported
Schools
