Shelburne, VT 05482,3182 Shelburne RD
See all 7 photos
Shelburne, VT 05482,3182 Shelburne RD
Shelburne, VT 05482,3182 Shelburne RD
Shelburne, VT 05482,3182 Shelburne RD
Shelburne, VT 05482,3182 Shelburne RD
Listed by Phineas Wish • EXP Realty
Bought with Connor Johnson • KW Vermont

$544,000

Est. payment /mo

$550,000

1.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3182 Shelburne RD Shelburne, VT 05482

0.52 Acres Lot

SOLD DATE : 12/21/2021

Key Details

Sold Price $544,000

Property Type Commercial

Sub Type Hospitality,Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4888656

Sold Date 12/21/21

Year Built 1950

Annual Tax Amount $8,787

Tax Year 2021

Lot Size 0.520 Acres

Acres 0.52

Property Description

With a prime location right on Shelburne Rd, this single tenant restaurant space is a fantastic investment opportunity. The property already has a NNN lease in place with a scheduled rent increase set for April 1st 2022. Current rental income is $48,000 and will increase to $54,000. Taxes have been included in calculating the NOI of $40,109.10. At our asking price, the property has a very attractive Cap Rate of 7.3%. The space underwent a full scale remodel in 2018, which included a new entrance, bathrooms, bar, server station, floor plan, flooring, paint job, booths, and light fixtures. The space was additionally outfitted with high end furniture, paintings, glassware, silverware, and a full line of kitchen equipment. All of the restaurant equipment is owned with the building and leased to the current tenant.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Commercial

Exterior

Exterior Feature Vinyl

Utilities Available Internet - Cable, Telephone At Site

Building

Sewer Public

Water Public

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


PrimeMLS

Brenda Maggy

REALTOR® | Broker

+1(603) 531-3839

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.