For Sale
$1,800,000

405 Draper RdBlacksburg, VT 24060

Prime Blacksburg Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional retail property, located at 405-409 Draper Road in Blacksburg, Vermont, presents a unique investment opportunity. Comprising three vacant units totaling 5,360 square feet, this single-story building sits on a 0.358-acre lot and is zoned for Downtown Commercial use. Recently renovated in 2023, the property boasts a modern aesthetic while retaining its character, having been originally constructed in 1955. The asking price is $1,800,000, translating to $335.82 per square foot. Its convenient location, a block from South Main Street and within walking distance of the campus and downtown Blacksburg, makes it ideal for a variety of retail uses, including convenience stores, restaurants, or entertainment venues. The property's proximity to a premier residential neighborhood ensures a strong customer base. This is a potential trophy property with excellent long-term cash generation potential. The property is currently vacant, offering immediate occupancy for the new owner. The APN is 257-A-60. This is a rare opportunity to acquire a well-located, renovated retail space in a thriving Vermont town.

Highlights

  • Exceptional trophy asset with strong long-term income potential.
  • High-quality construction and finishes throughout.
  • Prime location in a thriving market with high occupancy rates.
  • Significant upside potential through value-add opportunities.
  • Strong tenant roster with long-term leases in place.

Property Details for 405 Draper Rd

Property type
Retail properties, Restaurants
Square Feet
5,360 SF
Year Built/Renovated
1955/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
15,594 SF
Units
3

Location Insight

City
Blacksburg
County
State
Vermont
Latitude
37.226307708735
Longitude
-80.412311646623
405 Draper Rd, Blacksburg, Vermont

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
405 Draper Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message