Mixed-Use Investment Opportunity

938-950 Shelburne Rd, South Burlington, VT 05403

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For Sale

$2,200,000

Rare mixed-use property with residential and commercial units.

Type:Commercial

Property size:

8,130 SF

Price / SF:

$270/SF

HighLights

Exceptional owner‑user opportunity with 2,334 SF of commercial space available while generating income from six residential units.
High‑visibility location on Shelburne Road with 148 feet of frontage and strong traffic counts (30,000 CPD).
Significant income upside potential by increasing residential rents to market rates.
Two buildings offer diverse usage options: a brick building with four apartments and a wood‑frame building with two apartments and two commercial spaces.
Recently renovated 1,500± SF residential unit with new flooring, paint, and countertops is ready for immediate occupancy.
Commercial space can be easily reconfigured, with a full heated basement and garage door access.

We can help!

Listing Contact

Paul Cannizzaro

Learn more

For Sale

$2,200,000

Rare mixed-use property with residential and commercial units.

Type:Commercial

Property size:

8,130 SF

Price / SF:

$270/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 8:30 pm

Property Features for 938-950 Shelburne Rd

General Information

Standard status: Active
Size: 8,130 SF
Property subtype: Commercial

We can help!

Listing Contact

Paul Cannizzaro

Listing agent Paul Cannizzaro

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Paul Cannizzaro

HighLights

Exceptional owner‑user opportunity with 2,334 SF of commercial space available while generating income from six residential units.
High‑visibility location on Shelburne Road with 148 feet of frontage and strong traffic counts (30,000 CPD).
Significant income upside potential by increasing residential rents to market rates.
Two buildings offer diverse usage options: a brick building with four apartments and a wood‑frame building with two apartments and two commercial spaces.
Recently renovated 1,500± SF residential unit with new flooring, paint, and countertops is ready for immediate occupancy.
Commercial space can be easily reconfigured, with a full heated basement and garage door access.

Overview

This mixed-use property features ten bedrooms across six residential units and two commercial units. It presents an opportunity for investors and owner-users. Rental Housing Fire Safety inspections are complete. The property is positioned for a business owner seeking a visible location with signage, traffic, and self-management. Residential units are rented below market, with most tenants on month-to-month leases. A renovated 1,500-square-foot unit features new flooring, paint, and countertops. The property includes a 3,458-square-foot brick building with four apartments and a 4,672-square-foot wood-frame building with two upstairs apartments and two first-floor commercial spaces with a heated basement and garage door access. The commercial area is divided into offices but can be opened to create a showroom layout. The lot offers 148 feet of frontage on Shelburne Road and 128 feet of depth on Brewer Parkway. The investment package includes vacancy, making it attractive for an owner-user who can occupy approximately 2,334 square feet of commercial space while collecting rent from the six residential units. Onsite parking, visibility with 30,000 CPD, curb appeal, and a signalized intersection are additional features. The location has a bike score of 46, a walk score of 27, and a transit score of 23.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$175.6k	$21.60
− Vacancy	−$5.3k	−$0.65
EGI	$170.3k	$20.95
− OpEx	−$51.1k	−$6.29
NOI	$119.2k	$14.67

8,130 SF · lease $21.60/SF/yr · vacancy 3.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.70M

$1.49M – $1.99M (±1% cap)

NOI $119,238 @ 7.0% cap · market cap 5.42%

Second Best

Office B

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,145 @ 7.0% cap · market cap 5.19%

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $156,096 @ 7.0% cap · market cap 7.10%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: South Burlington
County: Chittenden
State: Vermont
Longitude: -73.2094789
Latitude: 44.4432604

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For sale
Mixed-use properties
VT
South Burlington
05403
938-950 Shelburne Rd

What type of property is this?

Mixed-use property - Rare mixed-use property with residential and commercial units.

Where is this mixed-use property located?

The property is located at 938-950 Shelburne Rd South Burlington, VT.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Exceptional owner‑user opportunity with **2,334 SF of commercial space available** while generating income from six residential units.; High‑visibility location on Shelburne Road with 148 feet of frontage and strong traffic counts (30,000 CPD).; Significant income upside potential by increasing residential rents to market rates.