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Archive for September, 2011

For Sale: Five-plex in desirable, easy-to-rent location (Burlington, VT)

Thursday, September 29th, 2011

Recently renovated 5-unit building currently fully leased earning $6,175/month or $74,100 annually. Tenants pay for heat and electricity, all separately metered. Current configuration includes one commercial space on the ground floor, 2 large 3 bedroom apartments, a 2 bedroom apartment and a 1 bedroom apartment. Broker opinion is that there is room to raise the rents. Brand new vinyl siding. Showings to pre-qualified prospects only.

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Vermont homes sales down for month, up over last year

Tuesday, September 27th, 2011

Vermont Business Magazine, Wednesday, September 21, 2011

In August 2011, New England posted an 8.9 percent increase in sales compared to August 2010, indicating that the housing market continues to recover. Vermont helped fuel the surge, with year-over-year home sales up 18.8 percent. However, it was also the only state in the region to post month-to-month declines in both units sold, -6.7 percent, and median price, -3.3 percent.

Connecticut was also the only state to experience month-to-month gains in both units sold, up 6.6%, and median price, up 1.7 percent. Maine also experienced New England’s largest increase in units sold, with month-to-month sales up 8.4 percent. However, the median price took a hit, dropping -6.6 percent. Month-to-month home sales in Massachusetts actually dropped -3.0 percent. However, when comparing August 2011 to August 2010, home sales were actually up 2.6 percent. New Hampshire’s 8.0 percent surge in month-to-month home sales was second only to Maine. Rhode Island helped fuel the surge, with year-over-year home sales up over 31% in the Ocean State. Month-to-month home sales were also up 7.6 percent.

“We’re pleased to see an increase in transactions in August without any artificial stimulus,” said Jay Hummer, Executive Vice President, RE/MAX of New England.“ Although the housing recovery will continue to hit bumps along the way, it is slowly returning despite tighter lending because of continued low interest rates.”

He said low interest rates continue to help the market rebound.

 

New England Real Estate Journal Recap for Monday, September 26, 2011

Monday, September 26th, 2011

Nedde and Harris of Redstone broker two leases totaling 47,000 s/f.   Doug Nedde of Redstone was the listing agent for Catamount/Malone-Hinesburg LLC and Duncan Harris of Redstone was the leasing agent for Vermont Smoke and Cure in the successful lease of 37,000 s/f of food production space located at 10516 Rte. 116 (the former Saputo Cheese Plant)…

For complete story click here.

For Sale: Old North End energy efficient office space (Burlington, VT)

Wednesday, September 21st, 2011

Old North End green office building for sale. Solar panels, monitoring, and energy efficient upgrades make this a highly functional and modern office building for owner occupants and investors alike. Located just off the intersection of North Avenue and North Street, this property offers multiple offices as well as open space, 2 kitchenettes, large conference room, reception and waiting area, and more. Facilities combine comfortable and productive work spaces with innovative energy solutions, stimulating common areas, and colorful architecture. Separate storage shed and fenced in backyard. Town water and sewer, 2 electric meters ideal for multi-tenant occupancy. Contact Ross for information and showings, or go to www.vermontgreenoffices.com for more information on green features, photos, and more.

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For Sale: Highly visible corner parcel available (Milton, VT)

Monday, September 12th, 2011

Located right at the center of Milton across from the shopping plaza. Triangular lot available for redevelopment. Currently has two buildings on site. Two bedroom apartment and dance studio is leased in larger building. Owner currently uses the other building and is open to leasing back from the new owner. High traffic site, good exposure. Flat topography, ideal for bank, stand alone commercial building.

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For Lease: Post & beam building with cool office suites! (Shelburne, VT)

Friday, September 9th, 2011

Unique opportunity! The former American Morgan Horse Institute is tucked adjacent to the Shelburne Museum and has amazing west views of the Adirondacks and Vermont land vistas. It was built in 1988-89 as a two story post and beam wood frame office building. Museum zoning district. Super cool office suites available for lease! Plenty of on site parking. Good signage. Pending sales transaction.

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For Sale: Country Pantry Diner – 111 seat restaurant with a great history (Fairfax, VT)

Thursday, September 8th, 2011

Stand alone restaurant with over 100 parking spaces well located on busy U.S. Route 104 in Franklin County. Plenty of storage in the full basement. Sales according to Manta.com were in the range of $1-$2.5 Million. Google “Country Pantry” in Fairfax, VT and read the rave reviews. It has been known as the “Country Pantry” for 20 years. Recently re-opened as “Country Pantry Diner” business is strong but the seller needs to sell for personal reasons. Excellent opportunity for a chef that is willing to serve generous portions at a good price. Google Map “951 Main Street, Fairfax” for a street view without snow!!

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For Sale or Lease: Former Eclipse & The Hideaway restaurant commercial condominium (Essex Junction, VT)

Thursday, September 1st, 2011

Turn-key restaurant in 61 unit condo complex off Suzie Wilson Road in Essex Junction. Includes extensive equipment list and fixtures. What you see is what you get! Lots of on-site storage. Plenty of free parking. Perfect size for a chef owned and operated restaurant. Lease option does not require a purchase of the equipment. Purchase price includes the real estate and equipment. Seller financing available on a purchase scenario for a qualified buyer. Aggressive sale and lease pricing to attract a well qualified buyer or tenant. Experience necessary.

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