57 River Rd - Storefront FOR SALE


Essex Junction, VT 05452
$3,250,000 USD
802-863-8210
57 River Rd, Essex Junction, VT for Sale
$3,250,000 USD
Storefront - FOR SALE
1/7
null | 9.73% Cap Rate

57 River Rd
Essex Junction, VT 05452


HIGHLIGHTS

  • Strong investment performance supported by a 9.7 percent cap rate and established multi-tenant occupancy.
  • Strategic location along VT Route 117 with immediate access to VT-289 and quick connection to Downtown Essex.
  • Recent capital improvements including heat pump replacements, roof upgrades, and porch repairs enhancing long-term stability.
  • Attractive setting featuring mountain views, professional common areas, and ground-level access to both floors.
  • Nearly ten acres with two main buildings and outbuildings providing flexible operational and storage solutions.

OVERVIEW

Pinewood Manor Plaza presents a compelling investment opportunity in the heart of Essex Junction, offering a substantial commercial asset positioned along the well-traveled VT Route 117 corridor. Situated on nearly ten acres, the property benefits from exceptional visibility and immediate access to VT-289, placing it just five minutes from Downtown Essex and within reach of the region’s residential population, business traffic, and employment centers. Built in 1978 and thoughtfully maintained, the plaza comprises two multi-story buildings connected by an upper walkway, supported by two additional outbuildings ideal for storage and operational needs. With 27 leasable units operating on gross leases, the asset functions as a stable multi-tenant incubator environment, appealing to a diverse mix of small businesses and service users. Modern upgrades reinforce long-term value, including new heat pumps installed between 2021 and 2023, partial roof replacement in 2022, and front-porch repairs completed in 2023. The property offers ground-level access for both floors due to its hillside construction, sweeping mountain views, ample parking, and professional common areas that support tenant retention and appeal. Its strong financial performance is highlighted by a current NOI of $316,113 and a 9.7% cap rate, making it a rare offering in the Essex Junction commercial market. Investors seeking a balanced combination of stabilized income, expansion flexibility, and regional accessibility will find Pinewood Manor Plaza positioned for continued success within one of Vermont’s most active commercial corridors. Contact agents for full rent roll.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

9.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pinewood Manor Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

133

LAND DETAILS

CROSS STREETS

River Rd.

LAND ACRES

9.96 AC

LAND SF

433,858 SF

ZONING

MXD

APN/PARCEL ID

(067) 2024007-000

ASK ABOUT THIS PROPERTY

Madeline RichardsPomerleau Real EstateMore Info
802-863-8210

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Madeline RichardsPomerleau Real EstateMore Info
802-863-8210

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