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Listing Details

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School Ratings & Info

Description

Excellent investment opportunity in the heart of South Hero Village. This multi-unit commercial property currently consists of 2 offices, a 2 bedroom 1 bath apartment, a take-out pizza store, a workshop, and an additional office building for a total of 5,296 sf. With public water, 950 gpd in waste-water capacity, and ample parking, this is a rare opportunity to invest in the highest trafficked section of The Islands and the growing village of South Hero. The 0.70 acre lot has 3 curb cuts, and all rental units are currently occupied and generating $5,095/mo. The main building was completely renovated in 2005 and includes radiant heat on the main floor, rooftop solar, new windows, and standing seam roof. The middle section has been occupied by long time tenants Pans Pizza and Cedar Ledge Builders have used the remainder of the space for their wood-shop. The 656 sf office building (formerly CIDER) was rebuilt and rewired in 2005. Dont miss a great opportunity to own a property with lots of potential in the center of town.

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-24T00:05:31.523.
www.livingvermont.com/homes/105862605
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324-328 U.S. Route 2 South Hero, VT 05486

  • Price: $550,000
  • Status: Active Under Contract
  • Updated: 99 min ago
  • MLS #: 4805184
0
Beds
0
Baths
0
½ Baths
0.7
Acres
5,296
SQFT
$104
$/SQFT
1900
Built
Neighborhood:
South Hero
County:
Grand Isle
Area:
South Hero
Property Description
Excellent investment opportunity in the heart of South Hero Village. This multi-unit commercial property currently consists of 2 offices, a 2 bedroom 1 bath apartment, a take-out pizza store, a workshop, and an additional office building for a total of 5,296 sf. With public water, 950 gpd in waste-water capacity, and ample parking, this is a rare opportunity to invest in the highest trafficked section of The Islands and the growing village of South Hero. The 0.70 acre lot has 3 curb cuts, and all rental units are currently occupied and generating $5,095/mo. The main building was completely renovated in 2005 and includes radiant heat on the main floor, rooftop solar, new windows, and standing seam roof. The middle section has been occupied by long time tenants Pans Pizza and Cedar Ledge Builders have used the remainder of the space for their wood-shop. The 656 sf office building (formerly CIDER) was rebuilt and rewired in 2005. Dont miss a great opportunity to own a property with lots of potential in the center of town.
Exterior Features

Construction Wood Frame Exterior Vinyl SidingWood Siding Lot Description LevelMajor Road FrontageNeighbor BusinessSidewalks Parking DrivewayOn-SiteParking Spaces 1 - 10 Railroad Available No Road Frontage Yes Road Frontage Length 186 Roof MetalShingle Total Drivein Doors 0 Total Loading Docks 0 Transport Access Major Road AccessState HighwayPaved

Interior Features

Basement No Cooling None Heating BaseboardDirect VentOtherRadiant Sq Ft Total Building 5296 Sq Ft Total Source Public Records Total Elevators 0

Property Features

Accessibility Features 1st Floor 1/2 Bathroom1St Floor Hrd Surfce FlrAccess ParkingHard Surface FlooringOne-Level Business Auction No Cable Company Comcast Commercial Features Living Space AvailableIn-Unit Bathroom Covenants No Electric Circuit Breaker(S)OtherNet Meter Electric Company Vt Elect Coop Flood Zone No Fuel Company MultipleRowley Fuels Gross Income 52740 Heat Fuel Gas - Lp/BottleOil Natural Gas Available No Phone Company Comcast Pre Construction No Sale Includes Additional BuildingsLand/Building Seasonal No Sewer 1000 GallonLeach Field - ConventionlOn-Site Septic ExistsPrivateSeptic Span Number 603-189-10740 Sub Property Type InvestmentMulti-FamilyOfficeOther Sub Property Type Use Office Building Surveyed Unknown Tax Gross Amount 10418.52 Tax Year 2019 Tax Year Notes 2019-2020 Taxes Tbd No Utilities Cable - At SiteInternet - CableTelephone At SiteOil Tank - Underground Water Public Zoning Village

Courtesy of Evan Potvin of Coldwell Banker Islands Realty.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-24T00:05:31.523.
 
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RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446