88 Mainelli RdMiddlebury, VT 05753

Property Details for 88 Mainelli Rd

Year built

1979

Lot size

4.43 AC

Property size (Sq ft)

9,566 SF

Property type

Commercial real estate

APN

(120) 004056.000

APU

120004056000

Description

This exceptional investment opportunity presents a rare chance to acquire a diversified, multi-tenanted commercial property situated in the thriving Middlebury Industrial Park. The 11,694 square foot building, located at 88 Mainelli Road, Middlebury, Vermont, sits on a generous 4.43-acre lot, offering significant potential for future expansion. Constructed in 1979 with a substantial addition completed in 2015, the property boasts a strong occupancy rate with three established tenants. Champlain Valley Creamery occupies approximately 1,680 square feet, Appalachian Gap Distillery utilizes roughly 6,374 square feet, and The Friday Group, a consulting firm, leases approximately 3,320 square feet of office space. A 320 square foot mechanical room is also included. The property benefits from municipal water and sewer services and features a productive 36kW PV solar array, owned by AllEarth Services, contributing to energy efficiency and potential cost savings. The ample remaining land provides significant opportunity for future development, adding considerable value to this already impressive investment. This property offers a compelling combination of established income and significant growth potential in a desirable location. Detailed financial information is available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $2,719,998

  Hospitality

  $2,491,504

  Educational

  $2,072,902

  Medical

  $2,144,192

  Retail

  $3,224,514

Location Insight

City

Middlebury

County

Addison

State

Vermont

Latitude

44.0355

Longitude

-73.17

Property Tax & Assessments

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