Derby, VT 05829,4267 VT Route 5
Derby, VT 05829,4267 VT Route 5
Derby, VT 05829,4267 VT Route 5
32
Listed by Ryan Pronto • Jim Campbell Real Estate
Bought with Ryan Pronto • Jim Campbell Real Estate
$425,000
$450,000
5.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4,320 SqFt

4267 VT Route 5 Derby, VT 05829

Est. payment /mo
SOLD DATE : 06/28/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

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

Read Less


PrimeMLS

GET MORE INFORMATION

agent

Trevor Ainsworth

Agent | License ID: 082.0007328

+1(802) 598-5595

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.