$169,500

For Sale: Rented for $1,173.00/mo., NNN. Net expenses estimated at $963.00/mo., for a Total Rent of $2,136.00/mo., plus heat and electric. This one-story 1,680 sq. ft. garage, with 3 bays and 11-ft high overhead doors, was built in the 1950's and is heated with recycled waste-oil with a furnace designed for that fuel. The paved area in front of and to the north side of the bldg measures about 7,000 sq. ft. In 2005 Efficiency Vermont upgraded all lighting to more efficient fixtures. Other improvements made in 2005: New Overhead Doors, made work bays relatively airtight and remodeled office & waiting area. Subject property is listed on the State of Vermont DEC Hazardous Sites list as Active. The original gasoline storage tanks serving the gas pumps were removed in 1999. Then site contamination was rated as minimal. However, a more in-depth analysis recognized water contamination of nearby residential properties, and concluded that contamination originated from subject site. Seller advises subject site is registered with the Vt Petroleum Clean-up Fund, subject to certain procedures being followed by owner. Any sale will be subject to Buyer's engineer communicating with the Site Technician assigned to this site for a complete understanding of the impact on their client of proceeding with a purchase of subject property. The property was independently appraised in Nov 2016 by a Vt-licensed Appraiser at a value of $155,000. The CPI Inflation since then yields a $196,000 value.