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Development Parcel & Ski Snowboard Shop Killington Vermont

Real Estate, Killington, VT. Retail, Online, Rental, Repair - Best Ski Snowboard Shop in the East.

Listing Contacts

Active

Asking Price: $2,900,000
Earnest Money  Deposit: 10% min.
Address 

3429 US-4, Killington, VT 05751

Show on Map
Date Added
Jul 30, 2023
Days on Market
598 days
Time Since Last Update
54 days

Details

Property TypeBusiness for Sale, Hospitality, Land, Mixed Use, Retail
SubtypeConvenience Store, QSR/Fast Food, Shopping Center
Investment TypeOwner/User
Investment Sub TypeOwner residential homesite, Event site, Developer
TenancySingle
Square Footage9,396
Price/Sq Ft$308.64
Cap Rate8.14%
Occupancy Date03/01/2025
NOI$236,000
Units1
Year Built1998
Buildings1
Stories2
ZoningCommercial & Residential
Lot Size (acres)5.7
Parking (spaces)43
Broker Co-OpYes
OwnershipCorporation and Warranty Deed
Sale ConditionFor sale by owner

Marketing Description

LIVE, WORK AND PLAY in a lifestyle business.​ Aspen East Ski Shop & Surf the Earth Snowboards is an amazing turnkey opportunity.​ Own this premiere award-winning shop for over 49 years in New England with online stores, and management in place.​ Retirement Sale: Owners willing to consider transition guidance.​

REDUCED FROM $3,880,000 RETIREMENT SALE.​ YOU can't purchase this prime commercial parcel of land, get permits, build this size building, establish our programs, systems, offerings, good will and loyal and new customer base TODAY anywhere near this price! 

TAKE ADVANTAGE and open the months of May thru August, add other sports and products, when the retail store is closed (but online orders continue to ship).​

Two-story 9,396 square feet steel frame contemporary style building with high ceilings and windows, radiant floor heat, round stone fireplace, Comfortable and inviting retail showroom to outfit the whole family or group in one stop, offering friendly expert advice and top brands of equipment, helmets, goggles, clothing and warm accessories.​

Excellent location on Route 4, a major E-W state highway, “The Gateway to Killington”, with great visibility, long road frontage, and high traffic counts up to 26,000 daily, depending on the month and season.​ Minutes to Skyeship Gondola & Bear Mountain lifts and parking, restaurants and nightlife on the Killington Access Road and Pico Ski Area.​

Package includes: retail business, online stores, building, land, FFE fleet of updated Rental and Demo skis, snowboards, boots, poles, helmets, custom built rental racks, fixtures, displays, binding tester, POS system, computers, counters.​

NEW Rental Reservation system bookings bring money in advance.​ Inventory is separate.​

DEVELOPMENT POTENTIAL awaits with over 5.7 Acres.​.​.​Town zoning allows this size parcel expanded residential and commercial uses & density in Planned Unit Development, for 1, 2 or multi-family condos, homes or alpine cabin village, Hotel/Lodge, Restaurant & Lounge, Offices, Outdoor Recreation & more.​ Imagine indoor pickleball, golf, family park or other apres-ski activities.​ Build your primary or vacation home on the back of the land with access at the end of Spring Hill Road, a residential subdivision, and enjoy trail views of Killington and Pico mountains.​

IN PROGRESS: Over $72 million in NEW: Municipal Water System, Workforce Housing, Town Center offices, Six Peaks Village on 1,000+ acres by Great Gulf, and new trailside developments: Base Camp at Bear Mountain Exclusive Ski On/Ski Off Living, and The Vistas at Sunrise Mountain Village.​

BREAKING NEWS: The Beast of the East has entered a new chapter of independence in its storied history, with its sale to a passionate group of local passholders.​ The investors, led by Phill Gross and Michael Ferri, have a deep connection to Killington, and pledge to continue to grow the community to make it a place our visitors call home for generations to come.​ They made this acquisition this Fall with the promise to evolve Killington as a leader among world-class resorts, while maintaining its strong local presence.​  $30 MILLION PLANNED for new village base lodges, big snowmaking investment with high-energy efficient snow guns with more output and less cost, and mountain biking trail system expansion.​

NOW is the time to become part of Killington Forward and exciting future growth opportunity in the BEST & LONGEST SKI SEASON IN THE EAST! Killington opened this season on November 14th, and hosted their 7th Womens World Cup races, on Superstar trail over Thanksgiving holiday.​

Killington Elevation & Mountain Stats - Largest Ski Resort In the East Killington sees over 1 million visits annually, with significant growth in the summers over the past 10 years, particularly in mountain biking which has seen an over 2,000% increase in annual visits since 2013.​ The region attracts people from all over the world, but experiences frequent travelers primarily from MA, RI, CT, NY, NJ, and PA with over 50% of visitors reporting a HHI over $150k.​ Pico Mountain Stats - Killington, VT has junior racing programs, Pico Ski Club and Educational Foundation.​

The Town, Community and Resort management are joined together by the Killington-Pico Area Association and Welcome Center near us on Route 4.​ Killington is very active year-round, with concerts, events, 2 golf courses, lift-serviced and town mountain biking trails, hiking the Appalachian Trail, Thundering Brook Falls and many lakes and streams, making outdoors in the Green Mountain State so special.​ It’s a wonderful place to live, a healthy environment, with great elementary and high schools, Killington Mountain School ski academy, and short drive to town for groceries, shopping, services and Rutland Regional Medical Center.​

FACILITIES:

First Floor: Lots of parking, large deck entrances to Retail Showroom with round stone gas Fireplace, Customer boot-fitting benches, 3 check-out Counters, Rental and Demo area of ski/snowboard equipment on custom designed racks, large Workshop for tuning and repair, utility/furnace room, half bath.​

Second Floor: Offices, Warehouse/shipping to loading dock for tractor trailer deliveries, Fixture/storage room.​

Current and Prior Use: Ski and snowboard retail shop with premiere brands of equipment, clothing and accessories, founded in 1975.​ See brand selection, services, and programs on www.​aspeneast.​com

Use AI Script to generate a marketing description using an OM or flyer!See additional terms & conditions here.​

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Investment Highlights

Development potential on 5.7 acres. Use your imagination… Cafe, market, car wash, popular pickle ball or indoor golf, self storage, alpine cabins or townhouses with garages. Qualifies for PUD Town zoning with expanded density and combined residential and commercial uses.

Add summer mountain biking or patio business, new brands or products to the mix.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$236,000.00
$19,666.67/mo

Valuation Metrics

0
DSCR
8.14%
Cap Rate
8.14%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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Broker Information
Broker Name
Cathy Quaglia
Broker License
VT VT 081.0001479
Brokerage Name
Killington Valley Real Estate
Broker Title
GRI
Brokerage Address
2281 Killington Road, Killington, United States 05751
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