A major commercial real estate deal valued at $29.25 million in St. Albans City has highlighted a period of significant property transactions across Franklin County. The sale of several downtown properties marks one of the largest single transactions in the area recently, occurring alongside a steady stream of residential and land sales in surrounding towns.
The multi-million dollar exchange for properties on North Main Street was the standout transaction among dozens recorded in late October. Activity was also noted in towns from Fairfield to Swanton, with sales ranging from undeveloped land parcels to high-value single-family homes, indicating a dynamic and varied local market.
Key Takeaways
- A commercial property deal in St. Albans City reached $29.25 million, representing a major investment in the downtown area.
- Another significant commercial sale on North Main Street was recorded for $1.2 million, further signaling commercial interest.
- Residential sales were active across the county, with notable high-value home transactions in Georgia, St. Albans Town, and Swanton.
- Large land parcels were sold in Montgomery and Sheldon, including a nearly 700-acre property transferred to a conservation-focused foundation.
- The data reflects a diverse market with activity spanning commercial, residential, and undeveloped land sectors.
St. Albans City a Hub for Commercial Investment
The commercial core of St. Albans City was the center of Franklin County's most significant real estate activity. A transaction for the properties at 6-10 and 12-16 North Main Street was finalized for $29,250,000. Records show the seller was Butterfield Nedde Youkel LLC., with the buyer listed as Ryan Jordan @Main LLC.
This sale represents a substantial investment in the city's primary business district. While details on the buyer's future plans for the properties are not yet public, such a large-scale acquisition often precedes redevelopment or new business initiatives.
Just down the street, another notable commercial sale took place. The property at 120 North Main Street was sold by 120 North Main LLC. to Tacovici Real Estate, LLC. for a price of $1,200,000. The concentration of these high-value commercial sales suggests growing investor confidence in the economic vitality of downtown St. Albans.
Active Residential Market in St. Albans
Beyond the major commercial deals, St. Albans City saw a flurry of residential property sales. These transactions spanned a wide range of prices, reflecting a diverse housing stock. One of the highest-priced homes sold was on Farrar Street, which changed hands for $555,000.
Other significant residential sales in the city include:
- A home on Brown Avenue for $463,000
- A property on Lincoln Avenue for $428,000
- A residence on Cota Court for $388,000
- A house on Pearl Street for $365,000
These sales, along with nearly a dozen others ranging from $268,000 to $345,060, illustrate a consistently active market for single-family homes within the city limits.
Understanding Property Transfers
Property transfer records are public documents that detail the sale of real estate from one party to another. They provide key information such as the address, sale price, and the names of the buyer and seller. Analyzing these records offers a direct look into the health and trends of a local real-estate market, highlighting areas of growth and investment.
Transactions Span Across Franklin County Towns
While St. Albans City saw the largest single sale, surrounding towns also experienced a healthy volume of property transfers, demonstrating broad market activity across the region.
High-Value Homes in Georgia and Swanton
The town of Georgia recorded two of the highest residential sales outside of St. Albans. A property on Cline Road, situated on 3.34 acres, sold for $570,000. Another home on Notthingham Drive was purchased for $429,000. These prices indicate strong demand for properties with more land and space.
In Swanton, a residence at Cedar Ledge Estates on a one-acre lot sold for $574,000, making it one of the top residential sales in the entire county during this period. St. Albans Town also saw significant activity, with a home on Maquam Shore Road selling for $525,000 and another on Fairfield Hill Road closing for $560,000.
Franklin County Sale Price Snapshot
- Highest Commercial: $29,250,000 (St. Albans City)
- Highest Residential: $574,000 (Swanton)
- Most Active Municipality: St. Albans City (15 transactions)
- Average Residential Sale (Top 5): $556,800
Significant Land Sales Point to Future Development and Conservation
Several large parcels of land also changed hands, with implications for both conservation and potential future development. The largest of these was a massive 696.6-acre property on Hill West Road in Montgomery.
The land was sold by Sweet Properties, LLC. to the New England Forestry Foundation for $488,000. The New England Forestry Foundation is an organization focused on conserving forests, suggesting this vast tract of land will be preserved rather than developed. This represents a significant conservation acquisition in the region.
Other land sales included a 26.4-acre parcel on Heald Road in Sheldon, which sold for $226,314.88, and a 14.45-acre lot on Jerrymill Lane in Swanton that was purchased for $110,000. These sales provide opportunities for new construction, agriculture, or smaller-scale conservation efforts.
The recent property transfers across Franklin County paint a picture of a robust and multifaceted real estate market. From major commercial investments in the urban center of St. Albans to high-end residential sales in suburban and rural areas, and significant land conservation efforts, the data reflects a period of dynamic economic activity and community development.
