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2 Gregory Dr
South Burlington, VT 05403
Retail Property For Sale


EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,000 SF
Building Class
C
Year Built
1985
Price
$5,162,925 CAD
Price Per SF
$166.55 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
4 Exterior
Building FAR
0.38
Lot Size
1.85 AC
Zoning
Mixed Use Industrial - Mixed Use Industrial- Commercial Zoning
Parking
42 Spaces (1.35 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | (188) 0740-00002 | Improvements Assessment | $2,143,775 CAD |
| Land Assessment | $331,373 CAD | Total Assessment | $2,475,149 CAD |
PROPERTY TAXES
Parcel Number
(188) 0740-00002
Land Assessment
$331,373 CAD
Improvements Assessment
$2,143,775 CAD
Total Assessment
$2,475,149 CAD
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