Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents.
Sale includes real estate, furnishings and fixtures, business known as Castleton Pet Supply, (inventory to be purchased at closing) one bedroom apartment and 11 storage units on premise. Financial data for the business available with NDA. Business known as Castleton Pet Supply has an 18 year history of strong earnings as well as an outstanding reputation in the community as a family owned and operated business. Owner is looking to retire and will assist in transition.
Unique: Three separate 4 unit commercial brick apartment buildings all up to code and fully occupied. Property is walking distance to Castleton University and downtown Castleton, minutes to Lake Bomoseen and short drive to Killington & Pico ski areas. There are a total of 12 units with 2 bdrms/1BA mostly recently renovated with tenants paying their own electric. Full basements in each building for additional storage for tenants. Coin operated laundry. This property is a serious investment opportunity with great cash flow in an "In Demand" location. Financial figures available to qualified buyers.
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