Log In/Sign Up
Your email has been sent.
516 Farrell St 26,482 SF Retail Building Burlington, VT 05401 $8,442,000 CAD ($318.78 CAD/SF) 11.18% Cap Rate
Investment Highlights
- High traffic location at lighted intersection
- Multifamily housing, hotel, retail development throughout neighboring area.
- Busy retail corridor with access from Route 7 and Interstate 89
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
26,482 SF
Building Class
B
Year Built/Renovated
1954/2010
Price
$8,442,000 CAD
Price Per SF
$318.78 CAD
Cap Rate
11.18%
NOI
$944,097 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.92 AC
Zoning
Commercial 1 -R15 - C1-R15 - Mixed use multi story retail, commercial, hospitality, and residential allowed uses.
Parking
47 Spaces (1.77 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | (188) 0670-00514 | Improvements Assessment | $7,548,764 CAD |
| Land Assessment | $0 CAD | Total Assessment | $7,548,764 CAD |
Property Taxes
Parcel Number
(188) 0670-00514
Land Assessment
$0 CAD
Improvements Assessment
$7,548,764 CAD
Total Assessment
$7,548,764 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
516 Farrell St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.