516 Farrell St - Drug Store FOR SALE


Burlington, VT 05401
$6,000,000 USD
802-324-0937
516 Farrell St, Burlington, VT for Sale
$6,000,000 USD
Drug Store - FOR SALE
1/8
null | 11.18% Cap Rate

516 Farrell St
Burlington, VT 05401


HIGHLIGHTS

  • High traffic location at lighted intersection
  • Busy retail corridor with access from Route 7 and Interstate 89
  • Multifamily housing, hotel, retail development throughout neighboring area.

OVERVIEW

PRICE REDUCTION - OWNER SAYS SELL - Now $6,000,000 Exciting opportunity to take over final years of an extremely attractive CMBS loan while working on long term redevelopment plans and financing. This standalone Walgreens property has 11 + years of lease term to provide an investor the opportunity to re-tenant the property, and build out the 2nd floor into other uses, creating stabilizing the two tow levels of high value lease space. This is a highly sought after, high traffic, lighted intersection corner lot on Route 7/Shelburne Roads retail corridor. High density of high-volume retail and supermarket anchored centers in close proximity to the 514 Farrell Street Property. Call for details.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

11.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

Commercial 1 -R15

APN/PARCEL ID

(188) 0670-00514

ASK ABOUT THIS PROPERTY

Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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Steve DonahueDonahue & AssociatesMore Info
802-324-0937

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