2 Gregory Dr - Freestanding FOR SALE


South Burlington, VT 05403
$3,750,000 USD
802-864-2000
2 Gregory Dr, South Burlington, VT for Sale
$3,750,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

2 Gregory Dr
South Burlington, VT 05403


OVERVIEW

A large commercial and industrial building with loading docks in one of the most visible and accessible locations in the area is now for sale. Possible and current uses include retail, warehouse, distribution, and light industrial. The upper level offers a generous 12,000 SF total, made up of 4,000 SF finished retail or office space and 8,000 SF of warehouse space with concrete floors. The upper-level warehouse features a 6,840 SF storage mezzanine with stairs and forklift access. The lower level is currently configured as four private warehouse units ranging from 1,400 to 3,000 SF. The building includes four dock-height overhead doors, two at-grade overhead doors, and multiple service doors. There are four restrooms and multiple utility sinks. The property provides ample paved parking with 42 shared spaces. Prime signage visibility on Route 2. Manufacturing, service & repair, retail, warehousing and distribution all possible. The building sits on the high-traffic corner of Gregory Dr and Williston Rd (Route 2), offering exceptional access to Interstate 89 and US Routes 2 and 7. Sellers are licensed Vermont real estate agents. Lower Level: Industrial (Unit 1): 2,673 SF; Gross Rent: $2,982/mo. Industrial (Unit 2): 2,919 SF; Gross Rent: $2,919/mo. Industrial (Unit 3): 1,359 SF; Gross Rent: $1,562/mo. Industrial (Unit 4): 1,191 SF; Gross Rent: $ 1,318/mo. Retail area is Air Conditioned.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

Mixed Use Industrial

APN/PARCEL ID

(188) 0740-00002

ASK ABOUT THIS PROPERTY

Yves BradleyV/T CommercialMore Info
802-864-2000

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Yves BradleyV/T CommercialMore Info
802-864-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.