Springfield VT Commercial for Sale
$1,150,000
481 Parker Hill Road Springfield, VT 05156
- Type:
- Other
- Sq.Ft.:
- 2,649
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 10 Acres
- Year built:
- 1791
- Baths:
- MLS#:
- 5018794
ADDITIONAL INFORMATION
Parker Hill Farm is a special opportunity to purchase a beautifully restored homestead and operating â??glampâ?? ground on 10 pastoral acres in picturesque southeastern, Vermont. The house is a circa 1791 brick federal, built into a side hill, with exposed beams and wide planked floors, a charming kitchen, 4 bedrooms and 2.5 bathrooms, 2nd- level laundry and attached 2-car garage. The glamp ground, fully permitted including an Act 250 permit, includes 5 luxury platform tents, the furnishings, a bath house with showers and toilets, and an outdoor kitchen overlooking a spring-fed trout pond. Three of the tents have bathrooms with running water and showers, the other 2 have incinerator toilets and bathroom sinks with hot and cold running water. The glampground has its own entryway, buried power, well and septic as well as space to pitch a large event tent. Between the home and campground is a 30ft x 80ft post & beam barn and a 40ft by 44ft 2-story building with a 1,000 sq ft workshop, storefront/office, camp laundry, parking bay and upstairs studio with 800 sq ft of finished space and a 3-zone mini split/heat pump to keep you warm and cool. South of the barn are several fenced-in pastures, a run-in shed and chicken coop. If you have been searching for a restored homestead in a beautiful area with a seasonal side-gig that takes full advantage of Vermont as a destination brand and lifestyle, the table is set at Parker Hill Farm.
ADDITIONAL INFORMATION
Welcome to a rare opportunity in the heart of historic Springfield, Vermont. This versatile property offers endless possibilities for entrepreneurs and investors alike. The prime location on a bustling, high-visibility road makes it ideal for businesses seeking maximum exposure. The main building features a flexible commercial space, perfect for offices, retail, a spa, or any venture you envision. Adjacent is a charming two-bedroom apartment, offering a comfortable residence or an additional income stream. Imagine living steps away from your business or capitalizing on the strong rental market by leasing the apartment while you focus on your commercial enterprise. The propertyâ??s blend of residential comfort and business potential in a vibrant, historic community is a rare find. Don't miss out on this unique chance to create a live-work lifestyle or a profitable investment in one of Vermont's most beloved towns.
- Type:
- Other
- Sq.Ft.:
- 31,150
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.12 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 4910367
ADDITIONAL INFORMATION
GREAT INVESTMENT PACKAGE--11.8% estimated projected annual Cap Rate-now 100% occupancy, with needed siding work and HVAC upgrades being done, good condition, low maintenance (roof replaced 2018-19), town water and sewer, great parking, with potential for additional income. This 1-story building currently offers 12 office/retail units, plus 38 storage units at the basement level. Basement has a drive-in, garage door access, with room to add additional storage units. Building has a truss roof frame, which would allow floorplan alterations if needed. Projected annual NOI, with recently added tenant, estimated to be approx. $100K, using 2023 adjusted Operating Expenses, would give an 11.8 Cap Rate at current price. With room for additional basement storage units, it makes this investment prospect even more attractive. Leases are a mix of partial net and gross rents. Tenants are a mix of primarily professional offices. There are 10 propane-fired HVAC units and 9 total electric services, but not all zoned specifically for individual units, as the floorplan has changed over time. Seller will consider only PREQUALIFIED OR APPROVED BUYERS, and buyers should be prepared to offer a satisfactory financial statement/proof of funds.
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Springfield Real Estate
The median home value in Springfield, VT is $197,000. This is lower than the county median home value of $334,800. The national median home value is $338,100. The average price of homes sold in Springfield, VT is $197,000. Approximately 62.12% of Springfield homes are owned, compared to 24.33% rented, while 13.55% are vacant. Springfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Springfield real estate agent to arrange a tour today!
Springfield, Vermont 05156 has a population of 9,089. Springfield 05156 is less family-centric than the surrounding county with 20.16% of the households containing married families with children. The county average for households married with children is 26.01%.
The median household income in Springfield, Vermont 05156 is $57,160. The median household income for the surrounding county is $63,787 compared to the national median of $69,021. The median age of people living in Springfield 05156 is 51 years.
Springfield Weather
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 44 inches per year, with 67.4 inches of snow per year.