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Mixed-Use Flex Building

58 Florence Avenue Wallingford, VT 05773

58 Florence Avenue, Wallingford, VT, 05773

$95,000

For Sale

$95,000

Rare commercial and residential flex opportunity with garage bays and unfinished upper space, overlooking Roaring Brook.

Property Size1,380 SF

Lot Size0.40 Acres

Price / SF$68.84

Days on Market49

Property Features for 58 Florence Avenue

General Information

Standard status: Active
Size: 1,380 SF
Lot size: 0.40 Acres
Property subtype: Commercial

Listing Agency Alison McCullough Real Estate

Listed by Alison McCullough

Source Threehillsres

Added: Jun 1 Checked: Jul 16 at 10:59 am

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 Alison McCullough Real Estate

Investment Insights

Based on property information with market context.

This property offers a rare commercial and residential flex configuration with multiple practical pathways for an operator or investor. The building measures 60 by 23 feet and includes three garage bays, along with a walk-up second floor featuring expansive unfinished space. The property is being sold in as-is condition, allowing buyers to shape the interior layout and finishes to fit their intended use.

Set on close to 0.4 acres per town records, the building sits on a beautiful setting overlooking Roaring Brook. The listing notes several potential uses, including a garage, storage, workshop, retail, or a redevelopment concept subject to town approval.

For tenants, buyers, or owners looking for adaptable space, this flexible layout can support light commercial activity alongside service-oriented storage or workspace needs. The combination of ground-level garage bays and large unfinished area makes it particularly well-suited for those who want room to customize their space, whether for an income-producing retail setup or a more flexible live/work style redevelopment strategy, subject to approvals.

Key Highlights

Commercial/residential flex space in Wallingford on close to 0.4 acres (per town records)
60 x 23 ft building with three garage bays
Walk‑up second floor with expansive unfinished space

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$12.4k	$9.00
− Vacancy	−$1.1k	−$0.77
EGI	$11.4k	$8.24
− OpEx	−$3.4k	−$2.47
NOI	$8.0k	$5.76

1,380 SF · lease $9.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Flex RnD

$148.9K

$130.3K – $173.7K (±1% cap)

NOI $10,420 @ 7.0% cap · market cap 10.97%

Second Best

Warehouse

$128.1K

$112.1K – $149.4K (±1% cap)

NOI $8,966 @ 7.0% cap · market cap 9.44%

Theoretical Best

Healthcare Medical

$240.3K

$210.2K – $280.3K (±1% cap)

NOI $16,819 @ 7.0% cap · market cap 17.70%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

For sale
Flex space
VT
Wallingford
05773
58 Florence Avenue

What type of property is this?

Flex space - Rare commercial and residential flex opportunity with garage bays and unfinished upper space, overlooking Roaring Brook.

Where is this flex space located?

The property is located at 58 Florence Avenue Wallingford, VT.

What is the asking price?

The asking price for this property is $95,000.

What are key features of this property?

This property features: Commercial/residential flex space in Wallingford on close to 0.4 acres (per town records); 60 x 23 ft building with three garage bays; Walk‑up second floor with expansive unfinished space