333 Jones Dr, Brandon, VT 05733
18,000 SF | Retail Building | Brandon, VT 05733 | $685,000 ($38/SF)
For Sale
Active
Asking Price $685,000
- Property Type
-
Retail
- Square Feet
- 18,000 SF
- Price / Square Foot
- $38
Listing Contacts
Ray Ault
Property Overview
Under Contingent Contract,...CONTINUE TO SHOW! Located about 1.5 miles north of Brandon Town center, (a 2-mile drive including Park Village streets), and 15 miles south of Middlebury, VT, home of Middlebury College, this great income property or redevelopment opportunity offers many possibilities. Its well worth a look!...The 52,000 sq. ft. building on 5.8 acres includes 27,000 sq. ft. on the main floor, plus a walk-out partially finished Lower Level space (that once housed a dental office) for future expansion. 18,000 sq. ft. total finished area, recently rented at rents ranging from $3.15/sf to $13.50/sf, Gross Rent. But tenants were affinity businesses of Owner's Compass Music, which has vacated the property to return to the U.K. as their Visa expired. The remaining 9,000 sq. ft. on the main floor is finished to an older standard, but functional for many uses. It basically needs just re-decorating and an upgrade of plumbing fixtures, depending on the codes for buyer's intended use. Operating Costs run less than $3.00 per sq. ft. of the 18,000 sf fully finished floor area, including property taxes, town water & sewer, insurance, trash removal, building & grounds maintenance (mowing and plowing), propane heat & electricity. That leaves just 9,000 sq. ft. of partially finished space for buyer to finish-to-suit, plus the 24,000 sq. ft. walk-out basement. Property can be shown on 24-hrs notice. Linked Documents include: Floor Plans, including architectural schematic for conversion of main floor to 20-unit residential use if buyer desires, and aerial photos; Assessors Record and Deed. 2023 Property Taxes are $11,350. Call today for an inspection appointment, or to discuss details!
Property Details
- Class
- B
- Year Built
- 1990
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 254,390 SF
Highlights
- Great income property, or an up to 20-residential-apartment conversion or site for your business or school.
- Located about 1.5 miles north of Brandon Town center.
- Located mid-way between Middlebury and Rutland, Vermont (Just 15 miles from each)
- Seller will consider a Sale-Leaseback if Buyer prefers to keep tenants while renovating the vacant space for own business
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