28 Spring Tree Rd - Storefront Retail/Residential FOR SALE


Brattleboro, VT 05301
$6,690,000 USD
802-380-4954
28 Spring Tree Rd, Brattleboro, VT for Sale
$6,690,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 7% Cap Rate

Feb '25


28 Spring Tree Rd
Brattleboro, VT 05301


HIGHLIGHTS

  • Easy highway access
  • Long term tenants
  • Riverfront property

OVERVIEW

This is a portfolio sale with option to buy separate parcels. Please see marketing brochure for more information. The Marina at the Retreat Meadows, located at the confluence of the Connecticut and West Rivers in Brattleboro, Vermont, is a complex of 6 buildings with a total of 66,000 sq. ft. of rented space. Situated on 11 acres of land with close to a thousand feet of water frontage, the complex is a mixed use development with stable, long-term tenants, some of whom have been renting for more than twenty years. 6 income producing buildings. 100% leased with long term tenants. Prime development opportunity. Developed over a period of some 30 years by owner Dennis Smith, the complex has seen many upgrades, including, in 2012, the 1.5 million dollar rebuilding of one of Southern Vermont’s largest restaurants, The Marina. A 320 seat establishment, The Marina is an anchor tenant and sits directly on the water, boasting stunning views of the Retreat Meadows, sunset often finding clients crowding the waterfront decks to catch the vibrant colors of the sky as they settle over the wetlands. In addition to the restaurant, the complex hosts offices, newly renovated residential apartments, and various businesses that include such diverse enterprises as a spa, radio station, and solar installation company. The complex currently has a total of 22 tenants. If interested, please message instead of call.

FOR SALE DETAILS

PRICE

$6,690,000 USD

PRICE/SF

$1,259 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Marina Waterfront MXD Complex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

Waterfront/Neighborhood

APN/PARCEL ID

081-025-14641

ASK ABOUT THIS PROPERTY

Dennis SmithDennis SmithMore Info
802-380-4954

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Dennis SmithDennis SmithMore Info
802-380-4954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.