Listing courtesy of Paul Harsch, Harsch Associates 413-458-5000


123 Airport Road, Shaftsbury, VT, 05262

123 Airport Road, Shaftsbury, VT, 05262

2003

Earn up to a 50% return on your investment! A remarkable opportunity for a business person, investor, entrepreneur, contractor. Multi-unit Commercial Building, light industrial, Investment - There are a total of 28 rental spaces in the two first class buildings including heated and unheated spaces, some with overhead doors. Outstanding investment or owner occupied for any portion. Radiant in-floor heating in main building plus two apartments. Gross potential income if fully rented is estimated at $103,000/yr+/- and estimated expenses of $22,300 +/- yields total potential net income before debt service of $80,000. Fully leased, this property could net a buyer with a 20% down payment roughly $50,000 net income before income taxes or a 55% return on a 20% down payment of $90,000.Property is offered at 9% below the municipal assessed value is $493,900. Replacement value of the structures alone, not including land and site improvements, is $956,000.


Status:

Active

Type:

Commercial

Units:

30

Zoning:

commercial

Heating:

Electric, Hot Water, Radiant, Oil

Acreage:

3.19

Est. Taxes:

$8,992

Assessment

$493,900

Construction

Wood Frame,Vinyl Siding

Elementary School:

450000

School District:

Harsch

MLS #:

4600285


Community Info

School Info

Walk Score

Mass Transit

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