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48 Congress St 6,162 SF Retail Building Morristown, VT 05661 $1,200,000 ($194.74/SF)
Investment Highlights
- Located at a signalized intersection with 100 feet of frontage on Congress Street.
- Zoned Commercial Retail with allowed uses including retail, office, medical, restaurant, and mixed-use.
- Situated in Morrisville Village, close to Copley Hospital, neighborhood businesses, and residential communities.
- Recently upgraded with a new roof and new asphalt for reduced future maintenance.
- Ample on-site parking with 22 spaces supports a wide variety of occupant needs.
- Ideal for owner-users or investors seeking a versatile, well-maintained commercial site in a growing area.
Executive Summary
This freestanding retail property offers a significant investment opportunity in the heart of Morrisville Village, Morristown, VT. Positioned at a signalized intersection with 100 feet of frontage on Congress Street, the site ensures strong visibility and ease of access. Constructed with a durable cement block and steel structure, the building features a new roof and upgraded asphalt, reducing future capital expenditure for buyers. Zoned Commercial Retail, the property allows highly flexible use cases including retail, office, medical, financial, restaurant, pharmacy, and mixed-use development, making it an attractive choice for investors or owner-users seeking adaptability for future tenant demand.
With a lot size of 0.40 acres, ample on-site parking for 22 vehicles, and single-story convenience, the asset appeals to both operational businesses and redevelopment scenarios. Located within proximity to Copley Hospital and surrounded by established businesses, this property is well-positioned to serve the local population and draw regional traffic. The combination of structural integrity, zoning versatility, and local accessibility makes this a compelling acquisition in Vermont’s growing commercial landscape.
With a lot size of 0.40 acres, ample on-site parking for 22 vehicles, and single-story convenience, the asset appeals to both operational businesses and redevelopment scenarios. Located within proximity to Copley Hospital and surrounded by established businesses, this property is well-positioned to serve the local population and draw regional traffic. The combination of structural integrity, zoning versatility, and local accessibility makes this a compelling acquisition in Vermont’s growing commercial landscape.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,162 SF
Building Class
B
Year Built
1971
Price
$1,200,000
Price Per SF
$194.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.40 AC
Zoning
Commercial Retail - Commercial Zoning at this parcel will permit use for retail, multi-residential, office, medical, financial, restaurant, pharmacy, flex, mix use etc.
Parking
22 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
100’ on Congress St
Amenities
- Signalized Intersection
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 414-129-11243 | Improvements Assessment | $540,200 |
| Land Assessment | $145,000 | Total Assessment | $685,200 |
Property Taxes
Parcel Number
414-129-11243
Land Assessment
$145,000
Improvements Assessment
$540,200
Total Assessment
$685,200
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Presented by
Florida Truck Sales
48 Congress St
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