Listing Provided Courtesy Of:
Evan Potvin with Coldwell Banker Islands Realty.
Address
324-328 U.S. Route 2 South Hero, VT
Price
$ 550,000
Property Attributes
  • MLS#4805184
  • TypeContingent
  • CountyGRAND ISLE
  • CitySouth Hero
  • AreaGrand Isle
  • Zip05486
  • StyleInvestment,Multi-Family,Office
  • Year Built1900
  • Taxes$ 10418
  • Price$ 550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5296
  • Lot Size0.7 Acres
Listing Provided Courtesy Of:
Evan Potvin with Coldwell Banker Islands Realty.
Data Source:
Northern New England Real Estate Network (NNEREN) - 85 - NH
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 Pan’s 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. Don’t miss a great opportunity to own a property with lots of potential in the center of town.

Price History
4/12/2021 Listed $550,000

General Features

Area Description Commercial Zoning, In Town, Island, Village
Basement No
Construction Wood Frame
Cooling None
Electric Circuit Breaker(s), Other, Net Meter
Features - Accessibility 1st Floor 1/2 Bathroom, 1st Floor Hrd Surfce Flr, Access Parking, Hard Surface Flooring, One-Level Business
Features - Commercial Living Space Available, In-Unit Bathroom
Flood Zone No
Heating Baseboard, Direct Vent, Other, Radiant
Listing Area VT-Grand Isle
Parking Driveway, On-Site, Parking Spaces 1 - 10
Price Per Sq Ft 103.85
Road Frontage Yes
Roof Metal, Shingle
Sewer 1000 Gallon, Leach Field - Conventionl, On-Site Septic Exists, Private, Septic
Status Under Contract
Tax Year 2019
Transport/access Major Road Access, State Highway, Paved
Utilities Cable - At Site, Internet - Cable, Telephone At Site, Oil Tank - Underground
Water Public
Year Built 1900
Zoning Village

Interior Features

Gas - Natural Available No
Heating Fuel Gas - LP/Bottle, Oil
Total Number of Units 6

Exterior Features

Exterior Vinyl Siding, Wood Siding
Lot Description Level, Major Road Frontage, Neighbor Business, Sidewalks
Lot Size Area 0.7
Road Frontage Length 186
Water Body Access No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 05486

Statistics provided by Inside Real Estate

Price
AVG $450K
$550K
Taxes
AVG $7,362
$10,418
Visits
AVG 19
28
Year Built
AVG 1941
1900

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