Property Details for 3429 Us-4

Year built

1998

Lot size

6.80 lot acres

Property size

9,396 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Killington, Vermont property presents a unique investment opportunity encompassing a thriving, award-winning ski and snowboard retail business and significant development potential. The 9,396 square foot, two-story building, constructed in 1998, boasts a prime location on Route 4, a major state highway, enjoying high visibility and traffic counts reaching 26,000 vehicles daily. The property includes a well-established retail operation with online sales, rental equipment, and a loyal customer base. The building features a spacious showroom, workshop, offices, and ample storage. The included inventory of rental and demo equipment, fixtures, and POS systems provides a turnkey operation. Beyond the existing business, the 6.8-acre lot offers substantial development potential. Permitted zoning allows for expanded commercial and residential uses, including multi-family dwellings, hotels, restaurants, or other recreational facilities. This presents a rare chance to capitalize on Killington's robust tourism and ongoing growth, fueled by recent significant investments in infrastructure and resort expansion. The property's strong NOI of $236,000 and a 6.08% cap rate further enhance its investment appeal. The asking price is $3,880,000, with an occupancy date of November 1, 2023. This is a truly exceptional opportunity to own a piece of Killington's vibrant future. The property is offered as a single unit, with ownership held via corporation and warranty deed.

Location Insight

City

Killington

County

Rutland

State

Vermont

Longitude

-72.7854

Latitude

43.6664