Remarks

4-Unit commercial building on the heavily traveled VT Route 5 in Derby “The Derby Road” and situated adjacent to Exit #28 on Interstate 91. Offering a commercial plaza type setting, 4320sq.ft building, ample parking and great visibility on the most heavily traveled road in all of Orleans County. This is an ideal investment property with approx. a 7.5% return on investment, as all units are fully leased to well established & long term tenants. Two first floor units (retail store & restaurant) and the second level offers two units; one retail store and one residential apartment unit. All four leases are secured long term with renewal options & rent increases built into the lease agreements. Public water & sewer, tenants pay their own electric, long range views out the back and great visibility & signage. This property is low maintenance and a steady income producing property. Lease agreement and income & expenses available upon request. Location, Location, Location!

Details

MLS#: 4994018
Price: $450,000

Year Built: 1987

County: Orleans
Lot Size: 41382
Tax Fee: 8100.02