120 Hegeman Avenue, Colchester, VT 05446
Chittenden County
Key Facts
Presented by: David Raphael
Description
Fantastic investment opportunity with significant upside potential. Fort Ethan Allen Mini Storage is a well positioned, 126 unit self storage facility made up of three buildings in a highly accessible location. The primary brick building totals approximately 15,224 SF and offers a mix of climate controlled and non climate controlled units on both the first and second floors, providing flexible options for a variety of tenant needs. A local church currently leases gathering space in this building under a lease running through October 2030, providing stable income. Historically, many of the climate controlled units have been leased as both storage and office spaces, creating diversified revenue streams. Two additional metal buildings, totaling approximately 2,646 SF and 2,200 SF, contain 47 self storage units with roll up doors and direct drive up access, which are highly desirable for tenants seeking convenience and ease of loading. Inside the complex, there are currently two larger spaces that could be reconfigured to increase both the unit count and gross rentable area, offering a clear path for future income growth. One unused area, already served by a garage door, is ideally suited for a contractor or user needing dedicated drive up access. Operations are streamlined through modern online self storage management software, allowing for efficient leasing and rent collection. The asking price reflects a 6.6% cap rate, making this an attractive option for investors seeking stable cash flow with room to grow.
Property Information
Property Type
Commercial Sale
Year Built
1898
Living Area
20,078 sq ft
Lot Size
0.82 acres
Days on Market
57
MLS® Listing#
5080240
Property Features
Heating
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$16,267
Directions
Route 15 to Fort Ethan Allen. This building sits between Hegeman Ave and Troy Ave.
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Location
Points of Interest in Colchester, VT
Showing the Colchester area map.
Nearby Schools
J. F. Kennedy Elementary School
Elementary · 1.6 mi away
Winooski School District
School · 1.6 mi away
Winooski High School
Secondary · 1.6 mi away
Hiawatha Elementary School
Elementary · 1.6 mi away
Essex Westford School District
School · 1.7 mi away
Thomas Fleming School
Elementary · 1.9 mi away
Summit Street School
Elementary · 2.0 mi away
Carolyns Red Balloon
School · 2.0 mi away
Essex High School
Secondary · 2.1 mi away
Center for Technology-Essex
Secondary · 2.1 mi away
Chamberlin School
Elementary · 2.6 mi away
Children Unlimited
Elementary · 2.6 mi away
Childrens School
School · 2.7 mi away
Chittenden Central Supervisory Union
Secondary · 2.7 mi away
Edmunds Middle School
Secondary · 2.8 mi away
Burlington School District
School · 2.8 mi away
Albert D Lawton Intermediate School
Secondary · 2.9 mi away
International Children's School
Elementary · 2.9 mi away
Union Memorial School
Elementary · 3.0 mi away
Mater Christi School
Elementary · 3.0 mi away
Commute Calculator
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