List Price: $985,000 | $171 per sq.ft. Commercial
Space type
Date Listed Wednesday Jul 10, 2024 | MLS# 5004379


Address: 4740 Main Street Waitsfield VT
Listed by Erik Reisner Mad River Valley Real Estate erik@mrvre.com
Description:
Here is a great investment/business opportunity in the heart of the Mad River Valley. Prime location with very high traffic count and close to two shopping centers, Sugarbush Resort, and Mad River Glen. There are two commercial spaces, one being a physical therapy practice that is part of the Central Vermont Medical Center. The second commercial space is currently a real estate office. There are two residential apartments: a 3-bedroom, 1-bath unit with tenants that have been in residence for 30+ years. The second residential unit has two bedrooms and one bath. There is a shared laundry room in between the units. The building has been very well maintained and a solid investment for the current owners. While currently on a drilled well and private septic, municipal water is at the street, and a bond recently passed for the installation of municipal sewer which opens up tons of potential uses for this building. The apartments have nice easterly views of the Northfield Range, southern views towards Sugarbush Resort, and even pleasant western vista. It could easily become quite the luxury penthouse! Former uses of the commercial space include a restaurant and office space.
Location : Business District | Commercial Zoning | In Town | Near Golf Course | Near Paths | Near Shopping | Near Skiing | Valley

Building Type : Investment | Multi-Family | Office | Other | Retail

Disability Features : 1st Floor 1/2 Bathroom | 1st Floor Hrd Surfce Flr | 3 Ft. Doors | Access Parking | Zero-Step Entry Ramp

Misc : In-Unit Bathroom

Sale Includes : Land/Building

Features
Signage: Adequate
Rail Service: N
Income
Net Income| 0
Gross Income| 109556
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 0
Wood Frame | Wood Siding
Price Per SQ.FT. 170.92 No. of Units: 4
Building Size : 5763
Available SQFT : 5763
Building Type: Investment | Multi-Family | Office | Other | Retail

ExteriorRoof: Shingle - Asphalt

InteriorBasement: Concrete | Concrete Floor | Stairs - Interior | Interior Access

Land Information

Lot size: 1.5 acres
Zoned: Irasville Village Dist
Surveyed: Unk
Road Frontage: 308
Garage And Parking: Assigned | Driveway | Off Street | On-Site
Road Frontage: 308
No. of Docks | 0.

UtilitiesElectric: Circuit Breaker(s)
Utilities: Cable - Available | Gas - LP/Bottle | Multi Phone Lines
AC % | 0.

Additional Information
Easement - Unknown
Taxes $12,175
Assesed Value Not Reported
Schools

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