MLS Number 4792306
- Year Built 1983
- Acreage 9.5
Stock Market a bit unstable? check out this investment opportunity. Versatile building currently rented by section with the opportunity to be opened up for manufacturing/industrial use. 14' ceilings throughout with only one partition that cannot be removed. This property requires minimal maintenance; exterior of the building is comperflex, concrete block and brick, and driveway is paved. Owned solar on the roof provides power for the whole building through high use months and generates a significant credit for the owner. Current tenants include a day care, hair salon, gym, laundromat, tanning salon, office space and a parcel delivery service (serving primarily Canadian customers). 9.5 acres of prime agricultural 'river bottom' land could be home to hemp or hops (potential brewery space with room for a restaurant). Building was formerly occupied by Sterling Scale (a manufacturing plant). Investor priced for 10-12% cap rate once rented to capacity.
Listed by Dianna Benoit-Kittell of KW Vermont- Enosburg