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List Price:$Commercial Property $400,000 | $297 per sq.ft.
2895 VT Route 100 Warren VT
MLS# 5017460 -
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Listed by Becca Johnson KW Vermont on October 4th 2024
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DESCRIPTION
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Rare commercial property with two hundred feet of frontage on Route 100 in Warren, in the beautiful Mad River Valley minutes from Sugarbush Resort. This property works for an owner/operator or an investor. The property should rent for at least $3,000 per month, triple net (prior tenant paid $2,800 per month, which was not raised in over five years). While this area is zoned residential, this property is grandfathered for vehicle sales and repair. Town would consider other uses with comparable impact, such as property management (which was recently approved on a similar property). Lot size is .6 acres and consists of two buildings and a large paved lot. There's a small building, generally used as an office, measuring 432 square feet and containing a three quarter bath and a storage room. A separate garage building is 875 square feet and includes a two post automotive lift and an air compressor. Both buildings are heated with propane and are air conditioned. The buildings were originally built around 1980 but were completely rebuilt and extensively insulated in 2002, including new walls inside and out (exterior siding is cedar), new roofs, new plumbing, new wiring including breaker panels, and several exterior lights on light sensors and motion detectors. The property is in excellent condition having just been repainted inside and out. Owner is related to real estate broker.
Sale Includes : Equipment | Land/Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 296.96 -
CONSTRUCTION
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Wood Frame
Price Per SQ.FT. 296.96
Year Built: 1980
Building Type: Other
Roof: Shingle - Asphalt
Road Frontage: 200
Electric: 100 Amp
Utilities: Gas - LP/Bottle | Telephone Available
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
- Lot size: 0.6 acres
Zoned: Residential; gftd auto)
Road Frontage: 200
ADDITIONAL INFORMATION
- Taxes $3,577 | Assesed Value $131,300 in
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