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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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938-950 Shelburne Rd , South Burlington, VT 05403
$1,950,000
Est. Payment: $4,333.33/mo
10 Bed
2 Bath
8136 Sqft
Status: Active | Days on site: 244
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House Description

Perfect high visibility retail/office location. See attached pro forma. Enjoy a 7.6% cap rate and well maintained buildings. 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. 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

Highlights

Listed by Paul Cannizzaro , 802-862-9700 Cannizzaro Real Estate , 802-862-9700.

Property Type

Multi-Family

Lot/Acreage
0.43

Year Built

1966

County

Chittenden

Listing ID

5071105

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:2
  • Full Bathrooms:
  • 3/4 Bathrooms:2
Air Cond:Central AC
Fireplaces:
Above Ground Sq Ft:8136
Basement:Yes,Bulkhead,Climate Controlled,Concrete Floor,Full,Insulated,Interior Stairs,Storage Space,Walkout,Exterior Access,Basement Stairs

Exterior Features

Lot:Existing
Zoning:Higher Scale Mixed
Roof:Architectural Shingle
Sewer:Public
Parking Features:Auto Open,Heated Garage,Garage,On-Site,Parking Spaces 11 - 20
Principal Interest
$4,333
Taxes
$2,128

Home Price

$1,950,000

Loan Details

30 yrs
%

Down Payment

20%
$390,000
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Monthly Price:
$4,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,333.33 $2,128.17 $0.00 $6,461.50
Yearly $52,000.00 $25,538.00 $0.00 $77,538.00
Total $1,560,000.00 $766,140.00 $0.00 $2,326,140.00

Today's Rates

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0%

20 Year

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15 Year

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Market insight data is pulled from the same city as the listing being viewed (South Burlington, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.