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Ellison 156 Main St 7,566 SF Vacant Office Building Ludlow, VT 05149 $1,690,000 ($223.37/SF) 5.99% Cap Rate
Investment Highlights
- On main street in a resort town, Okemo Mountain Resort is a year round attraction, foot traffic close to restaurants and boutiques
- Prime walkable / foot traffic location with high visibility
- Flexible village center zoning allows for a range of commercial, multi-family, retail space, as well as residential apartment use
- Located in Southern Vermont and easily accessible from major Northeast cities
- Steps to restaurants, shops, Okemo Mountain and shuttle
Executive Summary
This property affords an opportunity for multiple uses, or a combination of different uses. The first floor is prime real estate in the center of downtown Ludlow on Main Street for retail businesses and/or office space, the front space is 885 sq ft and the back space is 585 sq ft. Could be leased at one or two spaces. The apartments or multi-families, two are on the first floor and the other five are on the upper level. The apartments are equipped with refrigerators, stoves, and dishwashers. There are three, 2 bedroom apartments and they range in square footage from 665 to 740 and four, 1 bedroom apartments and they range in square footage from 500 to 550.
Ludlow is busy all year round and affords opportunities for recreation no matter the season. Winter/ ski season (November – April) steady traffic to/ from Okemo Ski Resort. Summer season offers golfing, hiking, fishing on nearby lakes and rivers, and swimming activities.at Buttermilk Falls. Okemo Resort is open for summer activities from June through October. with scenic chairlift and Adventure Zones. Fall foliage brings leaf peepers and harvest festivals to the region.
For more information please reach out to John Napier, TPW Real Estate. email is jmn@tpw.com or phone number 860-559-9334
Ludlow is busy all year round and affords opportunities for recreation no matter the season. Winter/ ski season (November – April) steady traffic to/ from Okemo Ski Resort. Summer season offers golfing, hiking, fishing on nearby lakes and rivers, and swimming activities.at Buttermilk Falls. Okemo Resort is open for summer activities from June through October. with scenic chairlift and Adventure Zones. Fall foliage brings leaf peepers and harvest festivals to the region.
For more information please reach out to John Napier, TPW Real Estate. email is jmn@tpw.com or phone number 860-559-9334
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,566 SF
Building Class
C
Year Built
1990
Price
$1,690,000
Price Per SF
$223.37
Cap Rate
5.99%
NOI
$101,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,783 SF
Building FAR
0.46
Lot Size
0.38 AC
Zoning
yes - Village, Downtown, Commercial, Residential
Parking
15 Spaces (1.98 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 363-112-10847 | Improvements Assessment | $399,200 (2025) |
| Land Assessment | $146,500 (2025) | Total Assessment | $545,700 (2025) |
Property Taxes
Parcel Number
363-112-10847
Land Assessment
$146,500 (2025)
Improvements Assessment
$399,200 (2025)
Total Assessment
$545,700 (2025)
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Contact the Sale Advisor
Ellison | 156 Main St