3429 US Route 4 - Storefront Retail/Office FOR SALE


Killington, VT 05751
$3,880,000 USD
802-345-3797
3429 US Route 4, Killington, VT for Sale
$3,880,000 USD
Storefront Retail/Office - FOR SALE
1/30
null | 6.08% Cap Rate

3429 US Route 4
Killington, VT 05751


HIGHLIGHTS

  • Large open retail space, comfortable workplace and inviting to customers. High ceilings & second story windows bring the outside in.
  • Development Potential. Opportunity awaits on 6.8 Acres. Use your imagination, add indoor golf, popular pickleball or other attractions.
  • Take advantage, add other sports & products, by opening 4 extra mos. (May thru August) when retail shop is closed, but online orders continue to ship

OVERVIEW

LIVE, WORK AND PLAY in a lifestyle business. Aspen East Ski Shop & Surf the Earth Snowboards is an amazing turnkey opportunity. Own this premiere award-winning shop for over 48 years in New England with online stores, and management in place. TAKE ADVANTAGE and open the months of May thru August, add other sports and products, when the retail store is closed (but online orders continue to ship). Retirement Sale: Owners willing to consider transition guidance. Two-story 9,396 square feet steel frame contemporary style building with high ceilings and windows, radiant floor heat, round stone fireplace, Comfortable and inviting retail showroom to outfit the whole family or group in one stop, offering friendly expert advice and top brands of equipment, helmets, goggles, clothing and warm accessories. Tuning, Repair, Seasonal Leases. See www.aspeneast for all programs and rates. EXCELLENT LOCATION on Route 4, a major E-W state highway, “The Gateway to Killington”, with great visibility, long road frontage, and high traffic counts up to 26,000 daily, depending on the month and season. Minutes to Skyeship Gondola, Bear Mountain lifts and parking, also restaurants and nightlife on the Killington Access Road and Pico Ski Area. PACKAGE includes: retail business, online stores, building, land, FFE fleet of updated Rental and Demo skis, snowboards, boots, poles, helmets, custom built rental racks, fixtures, displays, binding tester, POS system, computers, counters. NEW Rental Reservation system bookings bring money in advance. Inventory is separate. YOU can't purchase these 2 prime commercial parcels of land, get permits, build this size building, establish our programs, systems, offerings and loyal and new customer base TODAY anywhere near this price! DEVELOPMENT POTENTIAL awaits with over 6.8 Acres...Town zoning allows this size parcel expanded residential and commercial uses & density in Planned Unit Development, for 1, 2 or multi-family condos, homes or alpine cabin village, Hotel/Lodge, Restaurant & Lounge, Offices, Outdoor Recreation & more. Imagine indoor pickleball, golf, family park or other apres-ski activities. The back of the land has access to end of Spring Hill Road, a residential subdivision, with views of Killington and Pico mountains. NOW is the time to become part of this exciting Killington Forward future growth opportunity in the LARGEST, BEST & LONGEST SKI SEASON IN THE EAST! With a massive snowmaking system, the resort hosts the Womens World Cup races, on Superstar trail over Thanksgiving holiday. Killington is popular for summer lift-serviced mountain biking and town trails, events and concerts. Enjoy 2 golf courses, hiking the Appalachian Trail, Thundering Brook Falls, many lakes and streams for kayaking, fishing and exploring. Excellent schools, Killington Mountain School academy, colleges. Ski Clubs and Junior Racing Programs at both Killington and Pico Ski Area nearby. The town, community and resort management are joined together by the Killington-Pico Area Association and Welcome Center on Route 4, with traffic counts up to 26,000 daily, depending on the month and season. It’s a wonderful place to live, a healthy environment, and short drive to town for groceries, shopping and services. All this makes outdoor life here in the Green Mountain State so special. NOW IS THE TIME to become part of epic Killington Forward growth with $72 million in progress for NEW: Rebuilt Killington Access Road entrance, Municipal Water System, Town Center offices on Route 4, Workforce Housing, Six Peaks Village on over 1,000 Acres by Great Gulf, and new projects like Base Camp at Bear Mountain trailside living and The Vistas homes at Sunrise Village. PLUS Killington has SOLD to a passionate group of local passholders. The Killington Independence Group — led by Adage Capital Management co-founder Phill Gross and auto maintenance franchise owner Michael Ferri, who are long-time owners of ski homes here, with a deep connection to Killington. POWDR and Great Gulf (a residential development company that plans to build a “vibrant, pedestrian-oriented village” of at least 650 ski-in/ski-out properties) are listed as investors. The new owner group has pledged to spend $30 million on 1,000 low-energy snow guns over 2 years for Killington and Pico, build a new high-speed six-pack Superstar lift, and Bear Mountain Base Lodge, 116 new gondola cabins for the Skyeship lift, and add more mountain biking trails to their already awesome trail network. The current management team led by President and CEO Mike Solimano will stay in place. Killington & Pico see over 1 million visits annually, with significant growth in the summers over the past 10 years, particularly in mountain biking which has seen an over 2,000% increase in annual visits since 2013. The region attracts people from all over the world, but experiences frequent travelers primarily from MA, RI, CT, NY, NJ, and PA with over 50% of visitors reporting a HHI over $150k. SHOP FACILITIES: First Floor: Lots of parking, large deck entrances to Retail Showroom with round stone gas Fireplace, Customer boot-fitting benches, 3 check-out Counters, Rental and Demo area of ski/snowboard equipment on custom designed racks, large Workshop for tuning and repair, utility/furnace room, half bath. Second Floor: Offices, Warehouse/shipping to loading dock for tractor trailer deliveries, Fixture/storage room. Current and Prior Use: Ski and snowboard retail shop with premiere brands of equipment, clothing and accessories, founded in 1975. See brand selection, services, and programs on www.aspeneast.com Retail is highly desirable in the Commercial Real Estate sector, especially with the real estate and in the best ski resort in New England! Or with 2 entrances, there's flexibility to portion off the left side of the building for rental income or compatible business. Read it all, respond to Cathy and plan to visit soon, so you don't miss this great opportunity in Killington, Vermont! The adjacent property, 3471 Route 4, leased to Luce Farm Wellness thru 3/14/26, is listed at $675,000. DISCLOSURE: Listing agent is a co-owner of these 2 properties, totals 7.8 Acres of prime Commercial Land.

FOR SALE DETAILS

PRICE

$3,880,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime VT Development Real Estate + Ski Shop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

6.8 AC

LAND SF

296,208 SF

ZONING

Commercial

APN/PARCEL ID

588-185-11060

ASK ABOUT THIS PROPERTY

Cathy QuagliaKillington Valley Real EstateMore Info
802-345-3797

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Cathy QuagliaKillington Valley Real EstateMore Info
802-345-3797

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