The Victorian cottage at 830 North St. sold last month for $225,000, or $130 per square foot.
The seller, environmental engineering firm Boudreaux and Black Properties, previously occupied the cottage.
The purchaser was HMT Properties, which was represented by Elizabeth Tanner.
The new owner will occupy the property with two separate businesses: an engineering firm and a political consulting firm.
Joey Canella, senior advisor with SVN | Graham, Langlois & Legendre brokered the transaction. Canella says the building was in relatively good condition and required only minor upgrades before the new owners could occupy it.
The building came with a large enough lot to accommodate 10 parking spaces—an unusual amenity for a building of this size in the central business district.
“Although the building had been converted to office use several years ago,” Canella says, “we had a significant number of calls from people who wanted to lease if for residential use.”