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- New Listing!
Listed Monday Nov 18, 2024
$650,000 | Available Sq.Ft. 0 Zoned Commercial Prop Type SPRINGFIELD VT
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Description:Two Commercial Properties. 37 Chester Road is a truck service garage with 4 bays w/ 16' clearance, office and 1/2 bath. Garage is 3,380 sq. ft. plus 2nd floor storage 40' x 60'. This has a high leg 3 phrase electric entrance. The rear lot is rented to a portable toilet business. Gross rents for both business is $4,000.00 per month. The adjacent building is 39 Chester Road which was the former home of Hemingway Electric and is presently vacant. The main building is 30' x 60' w/ warehouse, showroom, office and 3/4 bath. The attached 28' x 36' garage or warehouse has 12' ceilings.
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Listed Tuesday May 30, 2023
$675,000 | $75 per sq.ft. | Available Sq.Ft. 8560 Zoned commercial Prop Type Food Service,Free Standing Building,Office Building,Storefront SPRINGFIELD VT
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Description:This extremely well-built and maintained building is perfect for an investor who wants a diverse, well-established, and stable investment property. Anchored by a unique and popular 1955 Fully Restored Mahoney diner car with 88 seats and a modern circa 2003 stainless steel commercial kitchen, which was built with the capacity of double the restaurant's current output. There is also a modern fitness center along with two office units! The rents are stable and leases are solid through 2024. It is far to say that this opportunity will pay off. Situated along Route 106 with a daily traffic count of over 8,500 vehicles this property will always occupy a prime location near the bustling town of Springfield, Vermont. The property has many updates including newer HVAC. The spaces themselves are large and can be configured in many ways allowing for an array of new uses in the future. Come see this fantastic opportunity today!!
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Price Change! reduced by $300,000 down 35% on September 6th 2023
Listed Tuesday May 17, 2022
$850,000 | $27 per sq.ft. | Available Sq.Ft. 15211 Zoned "General Business" Prop Type Free Standing Building,Office Building,Retail Strip,Self Storage SPRINGFIELD VT
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Description:GREAT INVESTMENT PACKAGE--11.8% estimated projected annual Cap Rate-now 100% occupancy, with needed siding work and HVAC upgrades being done, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. Projected annual NOI, with recently added tenant, estimated to be approx. $100K, using 2023 adjusted Operating Expenses, would give an 11.8 Cap Rate at current price. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.
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