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938-950 Shelburne Road, South Burlington, VT 05403

$2,200,000
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Active
MLS#5089444
STATUSActive PROPERTY TYPECommercial - Retail

Listing Courtesy of: Cannizzaro Real Estate
Agency Phone: 802-862-9700
Associate Name: Paul Cannizzaro
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Property Description

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 Housing Fire Safety inspections have been completed, and the property is ideally positioned for a business owner seeking a highly visible location with excellent signage, strong traffic counts, and easy self-management. Residential units are currently rented below market, with all but one tenant on a month-to-month lease, and 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 with 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 (plus full basement) of commercial space while collecting rent from the six residential units. Additional highlights include onsite parking, excellent visibility with 30,000 CPD, strong curb appeal,signalized intersection. partner in seller group holds a broker License

938-950 Shelburne Road | MLS# 5089444

This commercial property located at 938-950 Shelburne Road, South Burlington, VT 05403 is currently listed for sale with an asking price of $2,200,000. Search South Burlington real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Retail
Basement: Yes
Basement: Climate Controlled, Concrete Floor, Full, Insulated, Interior Stairs, Unfinished, Walkout, Exterior Access
Cooling: Central AC
Heating: Hot Air
Lot Size: 0.43 Acres
Roof Type: Architectural Shingle
Taxes: $25,648

Feature Descriptions

Basement Access: Interior
Commercial Features: Living Space Available
Days on Site: 19
Exterior: Wood Frame
Foundation: Poured Concrete, Stone
Lot: Near Public Transportatn, Corner, Curbing, Landscaped, Sidewalks
Parking: Garage, On-Site, Parking Spaces 11 - 20
Road Frontage: 148
Sale Inclusions: Land/Building
Sewer: Public
Transport/Access: City Street, Major Road Access, Near Airport, Public Transportation, State Highway
Units: 8
Water: Public
Zoning: Higher Scale Mixed Use

Listed By / Shown By

Listed By

Agency Name: Cannizzaro Real Estate
Agent Name: Paul Cannizzaro
Agency Phone: 802-862-9700

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