Properties Near 368 River Street Springfield, VT

GREAT INVESTMENT PACKAGE--11.8% estimated projected annual Cap Rate-now 100% occupancy, with needed siding work and HVAC upgrades being done, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. Projected annual NOI, with recently added tenant, estimated to be approx. $100K, using 2023 adjusted Operating Expenses, would give an 11.8 Cap Rate at current price. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.

Incredible opportunity awaits with this unique property. Sitting on 21 lush acres, this versatile gem offers multiple income streams, making it a true investment haven. Two Homes: Choose between a charming 4-bedroom log cabin, or a spacious 3-bedroom expanded cape. Live in one and rent the other, creating a steady income source. A massive 40x96 greenhouse is ready for your green thumb's touch. Perfect for growing plants, vegetables, or herbs. A 1,700 sq ft retail store beckons entrepreneurs to turn their dreams into reality. From local crafts to homemade goods, this space is a canvas for creativity. A 5,000 sq ft barn offers seven horse stalls and abundant storage space for tractors, trucks, and equipment. An ideal hub for equestrian enthusiasts or a builder's paradise. Explore the myriad of storage opportunities – rent out spaces or utilize them for your business needs. Horse Boarding: The property's layout is perfect for a potential horse boarding business. Equine lovers, this is your chance. The property showcases two serene ponds, perfect for relaxation or fishing, and a profusion of gardens. Previously a Garden Center, the landscape is designed for a grower, builder, or landscaping company's vision. This special property presents a multitude of possibilities. Situated in a vibrant area of Vermont, with easy access to Rt 91, making travel a breeze. Listing agent is related to the seller. Also Listed under Residential MLS # 5000340