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NNN investment opportunity. This flagship retail complex consists of 4 buildings, 42,300 SF on 8.66 acres zoned for retail and commercial uses. Operating as a destination, retail oasis for tourists and seasonal family visitors, property traffic is continually nurtured through a robust offering of events including entertainment (carousels, train rides and toy museum), flea markets, fairs, etc. These events contribute to heavy retail traffic and also offer a supplemental revenue stream. There is a paved parking area immediately off the state highway and in front of the buildings that accommodates over 250 cars. There is also ample overflow parking available during peak volumes. In addition, there is an abutting lot of 10 acres suitable for further retail/commercial development optionally available for $650,000.
Location Description:
Located on State Highway Route 4, with over 1,400 ft of frontage, the property is conveniently located less than 3 miles from I89 and approximately 5 miles from I91 making it highly accessible to tourists and seasonal residents arriving from either Boston or NYC. Located directly on the main road from I89 to the Killington ski area, the Vermont Agency of Transportation estimates annual daily traffic at 9,600. In addition to a brisk winter influx, the busiest retail season is generally summer & early fall. Characterized as one of the most significant tourist areas in Northern New England, this is truly a year-round market. A major state park is situated less than 1 mile away, with several golf courses also nearby.
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