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Listing Courtesy of: Ray@AultCommercial.com - Ray Ault - Ault Commercial Realty, Inc.

$575,000

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333 Jones Drive Brandon, VT 05733

Office Residence

Beds

Baths

51,700 Sq. Ft.

5.84 Acre Lot

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Last updated on 4/26/2024 2:18 PM

Listing Details

Desirable 50,000+ sq. ft. brick 2-level building with at-grade access to both levels, on large 5.8-acre lot. Highly motivated seller just dropped asking price by $110,000! Its well worth a look! Located just 1.5 miles north of Brandon Town center, (2.2 mile drive including Park Village streets), thi...s great property offers many possibilities: redevelopment opportunity / income property or site for your business! The 51,700 sq. ft. building on 5.8 acres includes approx. 26,000 sq. ft. on the main floor, plus a walk-out partially finished Lower Level space (that once housed a dental office) for future expansion. Owners recently vacated about 10,000 sq. ft. of 18,000 sq. ft. total finished area. The balance, 8,000 sf was rented at rents ranging from $3.15/sf to $13.50/sf, Gross Rent. The remaining 8,991 sq. ft. on the main floor is finished to 1960's standards, but is sprinklered and could be upgraded to code for many commercial uses. Operating Costs recently ran less than $3.00 per sq. ft., including heat and electricity. Documents available include: An SPIR - Sellers Property Info Report (Item 2a is amended to replace the 1992 furnace with a leased furnace, so new owner will likely install a new state of the art system). Floor Plans, including earlier owner's architectural schematic for conversion of main floor to 20-unit residential use (subject to permitting), and aerial photos, drone video; Assessors Record, Deed and 2024 Property Tax Bill for $11,741. Continue reading

MLS#

4741672

Property Type

Office

Year Built

1962

Square Feet

51,700 sq. ft

Price per Sq. Ft.

$11.12

Lot Size

5.84