752 Granger Road, Berlin, VT

Name: 752 Granger Road, For Sale in Berlin - Zoocasa
Brand: Coldwell Banker Hickok & Boardman / E. Montpelier
SKU: 5106091
Price: 699000 USD

House

For Sale

Listed price in listed location currency (USD).

$699,000

000

MLS® 5106091

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $16,599

Days Active 3

Lot Size 1.5 Acres

Approx. Age 1984

MLS® Number 5106091

Property Address: 752 Granger Road, Berlin, VT, 05641-5437

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number5106091

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1984

BasementCrawl Space

DrivewayParking Spaces 11 - 20, Paved

Garage Spaces

HeatForced Air

A/C

Extras

Map

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