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81 Freight Yard Way 7,100 SF 100% Leased Industrial Building Northfield, VT 05663 $750,000 ($105.63/SF)

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INVESTMENT HIGHLIGHTS

  • PARKING: Ample, on-site
  • PERMITTED USE: Industrial, office, retail, residential, etc.

EXECUTIVE SUMMARY

The “Engine House” is a 34’ X 160’ brick building on .93 acres. This amazing building was constructed in the mid-19th century for the purpose of servicing steam locomotives. The property has been completely restored, featuring a standing seam roof, radiant floor heat throughout with 7 zones, custom windows & doors, sky lights with rain sensors, a 6,000 lb. in floor dock lift, 17’ tall overhead doors, and a security card access system. Interior layout provides a mix of eight offices on 2 levels, kitchenette, conference rooms, receiving area and a mezzanine overlooking the high bay warehouse. Both office space and warehouse/mezzanine are climate controlled.
Convenient location in Northfield’s Designated Village Center. Restaurants, Depot Square, the library, banking, and local businesses are all within walking distance. Unique opportunity to see Amtrak passing through twice a day. An option to lease will be considered. Additional buildings and adjacent land potentially available with development opportunities.
OFFICE SPACE including toilet rooms, kitchenette/breakroom, and conference room is approximately 3,000 SF.
5–Ground floor private offices.
1–Ground floor kitchenette/breakroom.
2–Ground floor toilet rooms (1 ADA).
1–Ground floor conference room.
3–Second floor offices.
Mechanical room and Electrical closet.
WAREHOUSE SPACE including mezzanine is approximately 4,100 SF.
Mezzanine–850 SF
Warehouse–3,250 SF with 17’ ceiling height.
Included in the sale is annual income from AT&T, who leases an area of Lot #2 that houses AT&T’s regeneration building
Income balance remaining on AT&T’s lease as of May 2025 is $109,880.00.
Rent 12/26/2017 through 12/25/2026 - $8,040.00 per year.
Rent 12/26/2026 through 12/25/2037 - $9,380.00 per year.
There is nothing the Landlord is required to do for AT&T-No plowing, no mowing, no maintenance, nothing.

PROPERTY FACTS Under Contract

Price $750,000
Price Per SF $105.63
Sale Type Investment
Property Type Industrial
Property Subtype Showroom
Building Class C
Lot Size 8.84 AC
Rentable Building Area 7,100 SF
No. Stories 1
Year Built 1966
Clear Ceiling Height 17’

AMENITIES

  • Mezzanine

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
441-139-10308
Land Assessment
$111,000
Improvements Assessment
$566,100
Total Assessment
$677,100
  • Listing ID: 32174142

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 81 Freight Yard Way, Northfield, VT 05663

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