4740 Main Street Waitsfield, VT
$985,000
Acres 1.50
Description
Here is a great investment/business opportunity in the heart of the Mad River Valley. Prime location with very high traffic count and close to two shopping centers, Sugarbush Resort, and Mad River Glen. There are two commercial spaces, one being a physical therapy practice that is part of the Central Vermont Medical Center. The second commercial space is currently a real estate office. There are two residential apartments: a 3-bedroom, 1-bath unit with tenants that have been in residence for 30+ years. The second residential unit has two bedrooms and one bath. There is a shared laundry room in between the units. The building has been very well maintained and a solid investment for the current owners. While currently on a drilled well and private septic, municipal water is at the street, and a bond recently passed for the installation of municipal sewer which opens up tons of potential uses for this building. The apartments have nice easterly views of the Northfield Range, southern views towards Sugarbush Resort, and even pleasant western vista. It could easily become quite the luxury penthouse! Former uses of the commercial space include a restaurant and office space.
Listed by Mad River Valley Real Estate, Erik Reisner erik@mrvre.com
Details
MLS 5004379
Price $985,000
Status Active
DOM 155 days
Type Commercial
Lot Size 1.50 acres
Taxes Paid $12,175
Lot & Building Features
Utilities Cable - Available, Multi Phone Lines, Gas - LP/Bottle
Construction Wood Frame, Wood Siding
Parking Description Assigned, On-Site, Off Street, Driveway
Sewer On-Site Septic Exists, Septic
Tax Year 2023
Taxes Paid $12,175
Water Drilled Well
Basement Description Concrete, Stairs - Interior, Interior Access, Concrete Floor
Foundation Block, Fieldstone, Concrete
Lot Description Landscaped, View, Neighbor Business, Mountain View, Major Road Frontage, Level
Roof Shingle - Asphalt
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.