$1,795,000

About this home

Owner/User or Value-Add Investment Opportunity. Charles E. Carter Business Resource Center is FOR SALE!! Operated as an economic development business incubator building, this is a fully occupied building with mostly SHORT-TERM leases in place and BELOW MARKET VALUE. Featuring a 2.98 AC landscaped site with high parking capacity, and a fully sprinklered 20,848 SF Building with a highly-functional design. 4,904 SF is climate controlled office space while the remaining 15,944 SF is heated/insulated warehouse/manufacturing/distribution space. 55+ Parking spaces, 4 dock doors (8'x8' w/1 leveler), 1 drive-in door (8'x9'6"), 6 electric meters, public water/sewer, propane heat, accessibility features. 6,605 SF is currently Common Area (approx. 31%+) with Visitor Entrance, 2 multi-stall bathrooms, and central spine in warehouse so Tenants can access Drive-In Door and Dock Door. New Owner/User could quickly occupy large portions of the building while collecting rental income, or an Investor could raise unit rents, recapture some common area, and pass-through expenses via a NNN-lease structure to add great value. Owner/User could occupy/grow into the full building SF upon lease expirations. Great opportunity to be well-located in the Lyndon-St Johnsbury Industrial Park, with easy access to I-91 and just north of the I-91/I-93 interchange. Submarkets include Saint Johnsbury, VT and Littleton, NH. Financials and Tenant Info are available to well-qualified Buyers upon vetting. This is your chance to acquire one of the best industrial buildings around and well-below replacement cost. 48 Hr Notice required to show. Easy to reconfigure partial demising walls in warehouse upon lease expirations. As-built drawings and plans are available (Architectural, Structural, Landscape, Mechanical, etc, etc). Great existing tenants and couple good anchor tenants that expressed dire to stay, if new owner desires.

Property details

MLS #

5100028

Property type

Commercial Sale

Subdivision

N/A

Status

Active

Days on market

28

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

2.98 acres