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Multi-Tenant Investment Property w/Vacancy Opportunity! Welcome to 1097 Hospital Drive in St. Johnsbury, Vermont, located in close proximity to Northeastern Vermont Regional Hospital (NVRH). In-place 2026 CAP Rate of 7.86%, In-Place 2027 CAP Rate of 8.52%, with approximately 2400 SF of vacant space to operate your business or lease it out for a 2027 PROFORMA CAP Rate of 11.19%. Property features 3 buildings, large parking lot, and is located in St. J's "Health Services" zoning district, allowing for a variety of medical (extended care home, health training facility, hospital, medical laboratory, medical office, nursing home, rehab center), self-storage, and residential uses. Building 2 is approximately 75% vacant, with the entire lower level available, and approximately 50% of the 1st floor available, allowing a new owner to occupy and operate their own health services business, or generate additional income by leasing it out. Building 1 is setup as 2 units (1st Floor, Lower Level) and both spaces are currently leased to BAART Programs long-term through 5/31/2030 with a 5 year option for renewal. Building 3 is owned by Beth El Synagogue and they have a long-term (200 year) land lease in place. Prospective buyers must be well-qualified. Additional info and financials are available upon a signed NDA - please inquire! Rare opportunity to acquire property this close to the busy intersection of US Route 5 and Hospital Dr - surround yourself in a commercial hub with complementary health services businesses to drive traffic or lease out the remaining vacancy for a strong investment asset.

More Info

Basic Information

  • PermissionDeed, Lease Agreements, Survey, Tax Map
  • PricePerSqFt100

Building

  • Year Built1980
  • ConstructionWood Frame, Brick Veneer Exterior
  • NumberOfUnitsInCommunity5
  • FoundationConcrete
  • Square Feet9,690
  • Available Sqft2,400
  • BasementConcrete, Exterior Access, Exterior Stairs, Finished, Full, Interior Access, Interior Stairs, Partially Finished, Walkout

Interior

  • Floors1

Utilities

  • Heating CoolingForced Air, Hot Water, Propane, Oil, Boiler

Other

  • AC percent100
  • Transport AccessCity Street, Major Road Access, Paved
  • Date Listed11/12/2026

Tax Information

  • Tax Year2026

Location

  • Building Number1097
  • StreetHospital Drive
  • TownSt. Johnsbury
  • StateVT
  • Zip05819
  • CountyCaledonia
  • Address1097 Hospital Drive

Property

  • Acreage4.77
  • Parking Spaces
  • Property TypeCommercial Sale
  • AreaVT-Caledonia
  • Lot Sqft207,781
  • Road Frontage406
  • Traffic Count3445

Basic Information

  • Virtual TourView Tour
  • StatusACT
  • Modification Date11/12/2026
  • TypeBusiness, Hospitality, Office, Opportunity, Other, Retail
  • List Price$969,000
  • Broker NameJim Campbell Real Estate
  • Listing Agent NameDexter Degre
  • Lister Office NameJim Campbell Real Estate
  • MLS Number5117714
  • MLS StatusActive

Exterior

  • RoofArchitectural Shingle, Asphalt Shingle

Amenities

  • Accessibility Amenities1st Floor 1/2 Bathroom,1st Floor Hrd Surfce Flr,1st Floor Low-Pile Carpet, Access to Common Areas, Access to Parking, Accessibility Features, Paved Parking, Zero-Step Entry Ramp

Map Location

Driving Directions

Broker Reciprocity 

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 13, 2026 7:52 AM EST

 

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