874 VT Route 100 - Wilmington, VT
In a prime location less than ten minutes south of Mount Snow Resort and charming downtown Dover is this nearly 5,000 square foot industrial building, right along famous Vermont Route 100 where it is seen by more than 300,000 cars per year.
This is the old "Speed Shop," formerly an automotive repair facility that could today support a wide variety of commercial enterprises. There are three drive-in doors at 12-, 14-, and 16-feet high, a potential future apartment space above the garage, two office and/or reception areas totaling 400 square feet, radiant heat floors, and grandfathered rights to display an illuminated sign.
The building sits at the back of a 1.5-acre mostly flat lot with a dirt driveway. Based on the layout and local zoning ordinance, it appears another 5,000 square feet could be added onto the existing building while still conforming to regulations. Industrial or warehouse space is the most obvious use for this property, and there is little to no industrial space within 15 miles of this location. However we would also like to suggest a snowmobile storage, rental, or equipment business to capitalize on the abutting VAST trail and tourism demographics.
This opportunity is priced below comparable properties due to some deferred maintenance and the overall fair condition of the building. Buyer should plan for future repairs to the footing, mold removal, floor tile repairs, and repairs to one section of the insulated metal roof that tends to accumulate snow. It may also be cost-effective to service the heating system and address wall gaps to eliminate heat loss.
Showings by appointment only. Proof of funds required to schedule a showing. No trespassing without an appointment.
Asking Price: $304,000
Size: 1.49 acres with 4,880 square foot commercial building
Address: 874 VT Route 100
Town: Wilmington, VT 05363
SPAN: 762-242-13186
Property Tax (2022): $5,226.52
Septic System: On-site septic system installed
Coordinates: 42.916329, -72.840581
Google Maps Link: https://goo.gl/maps/8SfyGM54UgbFp5TS9
Zoning Ordinance (Commercial / Residential District): https://wilmingtonvermont.us/wp-content/uploads/2020/07/Zoning-Ordinance-Updated-2020.pdf
Access: Direct frontage on Vermont Route 100
Association Dues: n/a
Terrain: Flat then sloping behind building.
Showings by appointment only. Proof of funds required to schedule a showing. No trespassing without an appointment.
Disclosure: Listing presented by contract-holder of the property described. Said contract is advertised herein.
