57 River Rd
Essex Junction, VT 05452
Pinewood Manor Shopping Center · Commerce de détail Propriété À vendre

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.