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

28 Spring Tree Rd
Brattleboro, VT 05301


HIGHLIGHTS

  • Riverfront Property
  • Residential-Commercial Partnership
  • Outdoor Recreation Center
  • Community Asset

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 is an 11-acre waterfront mix of residential, office, recreation, restaurant, and service businesses located at the confluence of the Connecticut and West Rivers in Brattleboro, Vermont. It is an easy walk to the quaint downtown. The complex of 6 income-producing buildings, a total of 66,000 sq. ft. of rented space, sits calmly amongst kayaking, birding, fishing, skating, and abundant wildlife. This community resource is an outdoor recreation and wildlife center that hosts the Southern Vt. West River Rail Trailhead, a community sculling boat program, and public guest docks.    -6 income-producing buildings. -100% leased with long-term tenants. -Prime development opportunity.   Developed over some 30 years by owner Dennis Smith, the micro neighborhood has seen many upgrades, including, in 2012, the 1.5 million dollar rebuilding of one of Vermont's largest restaurants, The Marina. A 320-seat establishment, The Marina is an anchor tenant sitting directly on the water, boasting stunning views of the Retreat Meadows. Sunset often finds guests 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, a 40-boat slip marina, public kayak launch facilities, and various businesses that include such diverse enterprises as a spa, yoga/wellness center, 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

$101 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Marina Waterfront MXD Mixed Use Complex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, 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

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

Dennis SmithDennis SmithMore Info
802-380-4954

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