938-950 Shelburne Rd, South Burlington, VT 05403
- $2,200,000
- 8,136
- SqFt
Listing courtesy of Paul Cannizzaro from Cannizzaro Real Estate. ()
- List Price
- $2,200,000
- Status
- ACTIVE
- MLS#
- 5071105
- Living Area
- 8,136
- Lot Size
- 18,731
- Acres
- 0.43
- Year Built
- 1966
Property Description
See attached pro forma for numbers using market rents. This rare offering features 10 bedrooms over six residential units and two commercial units, providing an exceptional opportunity for both investors and owner-users. Rental Fire Safety inspections have been completed, and the property is positioned for a business owner seeking a highly visible location w/ excellent signage, strong traffic counts, and easy self-management. Residential units are currently rented below market. A recently renovated 1,500± SF unit with new flooring, paint, and countertops is ready for occupancy. The property consists of two buildings: a 3,458 SF brick building containing four apartments, and a 4,672 SF wood-frame building that includes two upstairs apartments and two first-floor commercial spaces with full heated basement and additional garage door access. The commercial area is currently divided into multiple offices but can be easily opened up to create a showroom-style layout. The lot offers 148 feet of frontage on Shelburne Road and 128 feet of depth on Brewer Parkway. This investment package includes some vacancy that makes it particularly attractive for an owner-user who can occupy approximately 2,334 SF of commercial space while collecting rent from the six residential units. Onsite parking, excellent visibility with 30,000 CPD, strong curb appeal,signalized intersection. partner in seller group holds a broker License
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Additional Information
- Taxes
- $25,648
- Listing Agent
- Paul Cannizzaro
- Listing Office
- Cannizzaro Real Estate
- Style
- Apartment, Multi-Family
- Electric
- Circuit Breakers
- Utilities
- Cable Available, Gas On-Site
- Basement
- Bulkhead, Climate Controlled, Concrete, Full, Insulated, Interior Stairs, Storage Space, Walkout, Exterior Entry, Basement Stairs
- Foundation
- Poured Concrete, Stone
- Sewer
- Public Sewer
- Roof
- Architectural
- Zoning
- Higher Scale Mixed
- Water
- Public
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