Redstone Properties

Our priority is people, our focus is real estate

Ask A Question
Name
Phone
Email
Message

New This Week at Redstone: Week of September 14th, 2009

Friday, September 18th, 2009

Approximately 1,300 SF.  Formerly a Dunkin’ Donuts/Convenience and grocery, this space provides an excellent neighborhood location on the corner of  Woodbury Road and North Avenue.  Highly visible with plenty of free parking.  Available immediately.

http://www.redstonevt.com/Retail-Restaurant-For-Sub-Lease-VT-Commercial-1353-1355-North-Avenue-Burlington-Vermont

Prime Retail space on church street.3,500 SF with expansion potential.The space can be sub-divided into 3 spaces of 750 SF, 1,000 SF and 1,500 SF fairly easily. The full basement is a bonus as well is the access from the rear with parking available for a monthly fee.

http://www.redstonevt.com/Retail-For-Sale-VT-Commercial-20-26-Church-Burlington-Vermont

Two Industrial condos totaling 12,384 SF on 1.32 acres with frontage on both Leroy Road (285′) and Krupp Drive (157′).  Fully Sprinklered warehouse with 18′ ceilings.  Three electric overhead doors (two at dock height, one at grade).  Municipal water and sewer & natural gas.  Located within well-established commercial, light industrial zoned area.

http://www.redstonevt.com/Investment-Office-Warehouse-Industrial-For-Sale-VT-Commercial-4-8-Leroy-Williston-Vermont

Former Shelburne Motorcars location, this space offers 4,000+ SF of warehouse space perfect for automotive repair or storage facility. 10’x12’ drive-in door and 13’x12’ office, bathroom, dedicated parking. Conveniently located ju…st off Shelburne Road. Fully sprinkled, gas heat, and concrete floors. Available October 1st.

http://www.redstonevt.com/Office-Retail-Warehouse-Industrial-For-Lease-VT-Commercial-4750-Shelburne-Shelburne-Vermont

New This Week at Redstone

Thursday, July 23rd, 2009

22 Pleasant Street, Randolph, Vermont

Stand alone commercial building in downtown Randolph with 1,000 SF upstairs apartment. Current location of the 3 Bean Café, this space offers great visibility, plenty of parking, and enormous potential for the right buyer. New hardwood floors upstairs and down, this property is priced to sell!

http://www.redstonevt.com/Retail-Residential-Investment-Multi-Family-For-Sale-VT-Commercial-22-Pleasant-Randolph-Vermont/

61 US Route 4, Mendon, Vermont

17 room motel plus owner’s residence (with motel office, lobby, coffee shop), swimming pool with shed, and storage shed all situated on a little over 5 acres. Wonderful views surround this mountain road motel which is less than 3 miles from Killington and less than 2 miles from Pico Ski Resorts. Whether you are new to the motel business or a seasoned veteran, you can argue that the location presents a wonderful opportunity. The property is being sold in AS/IS condition. Showings will be by appointment only and will be conducted the week prior to bids being due. For a full package on the property with a description of the Bid Process, please call or e-mail Peter Yee.

http://www.redstonevt.com/Business-Motel-For-Sale-Bid-Auction-VT-Commercial-Route-4-Mendon-Vermont/

45 Avenue D, Williston, Vermont

Offering good visibility and curb appeal! A 10,645 SF mostly air conditioned commercial building, currently Kittredge’s showroom space. Layout currently consists of a large showroom, a few private offices, admin space and warehouse with a dock. 13’-20’ ceiling height, 400 amps 3 phase power, built around 1976. Available November 1st.

http://www.redstonevt.com/Office-Warehouse-Industrial-For-Sale-For-Lease-VT-Commercial-45-Avenue-D-Williston-Vermont/

52 River Road, Stowe, Vermont

Unique development/investment opportunity in Stowe, offering 19,823 SF of warehouse/retail/office and storage space on 5.66 acres of land. Perfect for light manufacturing, warehouse, retail, or office space. Located in serene country setting, yet conveniently located literally minutes from downtown. Plenty of parking as well as a 50-year lease on additional parking lot. Waterfall offers micro-hydro power potential. 3-phase power, municipal water and sewer serves the property. This is a must see!

http://www.redstonevt.com/Land-Office-Warehouse-For-Sale-VT-Commercial-52-River-Stowe-Vermont/

Summer 2009 Market Insights: Office

Thursday, July 9th, 2009

The Chittenden County office vacancy rate continued to climb this spring, reaching greater than 12% of the approximately 7.1 million total square feet of office inventory.  This is up from a 10% vacancy rate last fall, and almost double the historic average of 6.7%.  Despite these numbers, projections show record growth of office space in this market for the coming year. Space at 110 West Canal Street in Winooski is a prime example of the newer office space. A total of 326,000 SF of new office space is scheduled for completion by the end of 2009, a 5% total increase.  Notable additions to the supply include a 27,200 SF build to suit Homeland Security complex in South Burlington, the development of a 32,650 SF building for US Immigration in Williston, and a 138,000 SF former IBM building in Williston that is now available for lease.  With the abundance of supply and variable demand, we expect vacancy to exceed 14% by the end of 2009.   In terms of lease rates, office space in the Central Business District (CBD) are stable, demanding $13-$17 per SF for Class A, with Class B ranging from $8-$13 per SF.  An example of Burlington CBD office space is 115 College Street, 2nd and 3rd floor.  Despite current economic conditions, occupancy in the CBD is still strong.  We are seeing vacancy declining, down from 4.5% last fall to 4% currently.  With a 16 year historic average of 6.2%, these are encouraging numbers.   The suburban market however is weakening, with Class A calling for $12-$16 per SF, and Class B in the $7-$12 per SF range.   This is primarily due to a surplus of supply in this sector, and a vacancy rate of 14.7%, more than double the historic average.

115 College Street, Burlington, 2nd Floor:
http://www.redstonevt.com/Office-For-Lease-VT-Commercial-115-College-2-Burlington-Vermont/

115 College Street, Burlington, 3rd Floor:
http://www.redstonevt.com/Office-For-Lease-VT-Commercial-115-College-3-Burlington-Vermont/

110 West Canal Street, Winooski:
http://www.redstonevt.com/Office-For-Lease-VT-Commercial-110-West-Canal-Winooski-Vermont/