Bought with Ryan Pronto • Jim Campbell Real Estate
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4267 VT Route 5 Derby, VT 05829
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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Investment,Office,Other,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $98
MLS Listing ID 4994018
Sold Date 06/28/24
Year Built 1987
Annual Tax Amount $8,100
Tax Year 2023
Lot Size 0.950 Acres
Acres 0.95
Property Description
4-Unit commercial building on the heavily traveled VT Route 5 in Derby “The Derby Road” and situated adjacent to Exit #28 on Interstate 91. Offering a commercial plaza type setting, 4320sq.ft building, ample parking and great visibility on the most heavily traveled road in all of Orleans County. This is an ideal investment property with approx. a 7.5% return on investment, as all units are fully leased to well established & long term tenants. Two first floor units (retail store & restaurant) and the second level offers two units; one retail store and one residential apartment unit. All four leases are secured long term with renewal options & rent increases built into the lease agreements. Public water & sewer, tenants pay their own electric, long range views out the back and great visibility & signage. This property is low maintenance and a steady income producing property. Lease agreement and income & expenses available upon request. Location, Location, Location!
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning Derby-Comm.
Body of Water Pond
Rooms
Basement Concrete Floor
Interior
Heating Gas - LP/Bottle
Equipment Other, Smoke Detector
Exterior
Parking Features On-Site, Parking Spaces 21+, Paved
Garage Description On-Site, Parking Spaces 21+, Paved
Utilities Available Gas - LP/Bottle, Multi Phone Lines, Telephone Available
Waterfront Description Yes
View Y/N Yes
View Yes
Roof Type Shingle
Building
Foundation Slab - Concrete
Sewer Public
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