Long-established on the East shore of beautiful Lake Bomoseen in the college town of Castleton, Vermont, this Year-Round Resort Hospitality Business includes a 100-seat Restaurant, a home/office for check-ins and 55 rental rooms & suites in 8 buildings with over 40,000 sq. ft. of heated area, some of which are only used in the Summer High Season: June thru mid September. Many returning guests enjoy a range of accommodations, from standard motel rooms to efficiency units, to cabins and 1- and 2-bedroom condos with full kitchens. Owner will partition, selling in parts. Ask Agent.
The USDA Forest Service has been a tenant since 1993, and is in the 3rd year of the latest 5-yr renewal (with early-out option at EOYr 4). Ample paved parking on-site. Two deeds in: Bk 261, Pgs 76-78, and Bk 292, Pgs 329-334. 3 of 5 HVAC roof units are recently new, and the parking lot has been re-sealed. A great 1031 replacement income property! Priced at a 9.0% Cap Rate using 7.5% vacancy and 2.5% capital reserve assumptions.
Tenneybrook Square is an exceptional Retail/Office Plaza with 4 bldgs with over 24,000 sq. ft. gross leasable area and plenty of parking on just under 4 acres. The front bldg #1 with slate facade is 9,408 sf on one floor; northwest corner bldg #2 with 3,149 sf (1,968 sf 1st floor + 1,181 loft area); middle-north bldg #3 has 5,376 sf (2,688 1st floor + 2,688 2nd floor); and the rear bldg #4 has 6,784 sf (3,584 on 1st floor + 3,200 sf on 2nd floor). Cap Rate: 10.2% using ProForma Income @ $8.75/sf, NNN, and 25% vacancy rate (although actual vacancy has been higher).
For Sale or Lease, and occupied by Carpet Warehouse, which is relocating upon sale or staying and reducing footprint for compatible lease of a portion of space. 11,900 sf steel frame, steel clad bldg in a great retail location: (just 200 yds from the entrance to, and a view of, Home Depot). Ample parking, and frontage on and access to 2 roads: Gleason Rd, and Woodstock Avenue (US Rte 4 E). It is served by municipal water, and is connected to the Alpine Pipeline sewer, with 1 share. A "flex-space" bldg that can accommodate office, retail and/or warehouse uses.
A prime retail bldg, approximately 7,300 sf, situated between McDonald's Restaurant and the Sirloin Saloon. Divided into two stores, the North side of about 4,000 sf, has been leased to SymQuest, and the South side about 3,300 sf, is vacant. Paved parking in rear for 37 cars. More might be added out front, subject to permit application. Great traffic count! (Note: photos of N. Side were before SymQuest renovated that entire space).
16,000 sf warehouse with about 800 sf office space; Tenant agrees to vacate upon 60-days notice; otherwise leased to 12/31/2012; a 14 ft high drive-in OHD and two tractor trailer height loading docks with load leveler. 14,000 sf paved drive and parking at rear with chain-link security fence. Permitted UST for fuel pump. Bldg is divided roughly into two 8,000 sf sections. Ceiling heights are approximately 16 - 18 ft clear span. Located just 1.4 miles south of Rutland, and less than 2 miles from the Rutland Southern Vermont Regional Airport terminal.
Long established popular automotive repair and towing business, long known as HABRO, Inc., serving the greater Killington region; including real estate appraised at $300,000.00, tools & equipment valued at $165,480.00, (List attached) and $29,520 in Good Will. Bldg has 4 vehicle bays, an office and an attached storage shed. Tax returns available to qualified buyers, who submit attached Buyer's Confidentiality & Qualification ("BC&Q) Statement for Seller's approval. Environmental issues addressed by reports on file with State.
Exceptional development property includes 2 parcels, one on each side of US Rte 4: Approx. 10.7 acres with old 3-bay garage on south side, and approx. 6 acres with 2300 sf cape style house and 2 small garage/storage sheds on north side. About 1/3rd of the south parcel appears to be wetlands. About half of the north parcel appears wet. Buyer is encouraged to have parcels surveyed and tested by a wetlands expert. On-site septic system and shared drilled well. Alpine Pipeline sewer line runs alongside US 4, and subject may be connected thereto, subject to permits, availability and purchase of share(s) and construction costs.
Two commercial office/retail bldgs connected by a roofed walkway, with a total of roughly 8,000 sf of finished area (not counting the lower level of the North Bldg, which has evidence of mold, and needs renovation) on 1.6 acres. The North Bldg (circa 1968) has a main (upper) floor area of 1,408 sf, with electric baseboard heat and currently houses the TV Station. The South Bldg (circa 1982) has about 6,600 sf of finished area: 2,400 on the main floor, 1,800 sf on the 2nd floor and slightly less than 2,400 sf on the walk-out basement level. The main floor and lower level appear to be heated by oil baseboard hot water heat, while the 2nd floor appears to be heated by a combination of hot water blowers and electric wall heaters. The South (larger) bldg is connected to municipal sewer, while owner advises that the North bldg has an on-site* septic system with pump system. *The septic leach field may extend beyond the site's boundaries onto the golf course. Engineering being researched.
This is truly a prime retail location, with the highest traffic count in Rutland County. Adjacent to the State Fairgrounds. SALE OF BLDG ON LEASED LAND with approx. 23 years remaining on Ground Lease (through April 30,2034) from the Rutland County Agricultural Society (owner of the Rutland State Fairgrounds). 3,660 sf main floor, plus 3,600 sf full basement, yields total bldg are of 7,260 sq. ft. Buyer should run a "net present value" analysis of the bldg using a life of 22+ years. Ground lease presently $576/mo, with escalators, NNN.
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