This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Prime VT Development Real Estate + Ski Shop 3429 US Route 4

9,396 SF Retail Building Killington, VT 05751 $3,880,000 ($413/SF) 6.08% Cap Rate

Investment Highlights

  • Large open retail space, comfortable workplace and inviting to customers. High ceilings & second story windows bring the outside in.
  • Take advantage, add other sports & products, by opening 4 extra mos. (May thru August) when retail shop is closed, but online orders continue to ship
  • Development Potential. Opportunity awaits on 6.8 Acres. Use your imagination, add indoor golf, popular pickleball or other attractions.

Executive Summary

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 48 years in New England with online stores, and management in place.
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). Retirement Sale: Owners willing to consider transition guidance.
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. Tuning, Repair, Seasonal Leases. See www.aspeneast for all programs and rates.
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, also 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.
YOU can't purchase these 2 prime commercial parcels of land, get permits, build this size building, establish our programs, systems, offerings and loyal and new customer base TODAY anywhere near this price!
DEVELOPMENT POTENTIAL awaits with over 6.8 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. The back of the land has access to end of Spring Hill Road, a residential subdivision, with views of Killington and Pico mountains.
NOW is the time to become part of this exciting Killington Forward future growth opportunity in the LARGEST, BEST & LONGEST SKI SEASON IN THE EAST! With a massive snowmaking system, the resort hosts the Womens World Cup races, on Superstar trail over Thanksgiving holiday. Killington is popular for summer lift-serviced mountain biking and town trails, events and concerts. Enjoy 2 golf courses, hiking the Appalachian Trail, Thundering Brook Falls, many lakes and streams for kayaking, fishing and exploring. Excellent schools, Killington Mountain School academy, colleges. Ski Clubs and Junior Racing Programs at both Killington and Pico Ski Area nearby. The town, community and resort management are joined together by the Killington-Pico Area Association and Welcome Center on Route 4, with traffic counts up to 26,000 daily, depending on the month and season. It’s a wonderful place to live, a healthy environment, and short drive to town for groceries, shopping and services. All this makes outdoor life here in the Green Mountain State so special.
NOW IS THE TIME to become part of epic Killington Forward growth with $72 million in progress for NEW: Rebuilt Killington Access Road entrance, Municipal Water System, Town Center offices on Route 4, Workforce Housing, Six Peaks Village on over 1,000 Acres by Great Gulf, and new projects like Base Camp at Bear Mountain trailside living and The Vistas homes at Sunrise Village.
PLUS Killington has SOLD to a passionate group of local passholders. The Killington Independence Group — led by Adage Capital Management co-founder Phill Gross and auto maintenance franchise owner Michael Ferri, who are long-time owners of ski homes here, with a deep connection to Killington. POWDR and Great Gulf (a residential development company that plans to build a “vibrant, pedestrian-oriented village” of at least 650 ski-in/ski-out properties) are listed as investors. The new owner group has pledged to spend $30 million on 1,000 low-energy snow guns over 2 years for Killington and Pico, build a new high-speed six-pack Superstar lift, and Bear Mountain Base Lodge, 116 new gondola cabins for the Skyeship lift, and add more mountain biking trails to their already awesome trail network. The current management team led by President and CEO Mike Solimano will stay in place.
Killington & Pico see 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.
SHOP 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
Retail is highly desirable in the Commercial Real Estate sector, especially with the real estate and in the best ski resort in New England! Or with 2 entrances, there's flexibility to portion off the left side of the building for rental income or compatible business. Read it all, respond to Cathy and plan to visit soon, so you don't miss this great opportunity in Killington, Vermont!
The adjacent property, 3471 Route 4, leased to Luce Farm Wellness thru 3/14/26, is listed at $675,000.
DISCLOSURE: Listing agent is a co-owner of these 2 properties, totals 7.8 Acres of prime Commercial Land.

Attachments

Buyer Questionnaire
NDA v5 15 23

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,396 SF
Building Class
B
Year Built
1998
Price
$3,880,000
Price Per SF
$413
Cap Rate
6.08%
NOI
$235,904
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.03
Land Acres
6.80 AC
Zoning
Commercial - Potential for growth on 6.8 Acres in 2 parcels of beautiful land. Town zoning allows for expanded residential and commercial uses and density in PUD
Parking
43 Spaces (4.58 Spaces per 1,000 SF Leased)

Amenities

  • Fireplace
  • Security System
  • Signage
  • Wheelchair Accessible
  • Accent Lighting
  • Storage Space

About 3429 US Route 4 , Killington, VT 05751

PRIME COMMERCIAL REAL ESTATE, housing Aspen East Ski Shop & Surf the Earth Snowboards, an amazing turnkey opportunity in Killington, Vermont. Don't get a job, buy a rewarding career...Own this premiere award-winning shop for over 48 years in New England with online stores, loyal and new growing customer base. Two-story 9,396 sq. ft. steel frame contemporary building with radiant floor oil heat, round stone gas fireplace, double circular driveway, plenty of parking. You can't even buy this prime land, get permits, build this size building, establish our programs, systems and offerings TODAY for this whole package price! First floor: large deck entrance to retail showroom, fireplace, utility/furnace room, half bath, large workshop for tuning and repair. Second floor: offices, fixture/storage room, warehouse/shipping to loading dock for tractor trailer deliveries. FFE includes updated profitable demo and rental fleet of skis, boots, snowboards, custom designed rental racks & fixtures, binding tester, computers, displays, 3 counters. NEW Rental Reservation System. Inventory value fluctuates/to be sold separately. Great potential to subdivide or build on 5.89 acres; Town zoning allows other possible residential and commercial uses and extra density, in a PUD (planned unit development). This rare prime acreage also goes back to the end of a residential subdivision town road cul-de-sac for access to building site(s) with high mountain trail views of Killington and Pico ski areas. LIVE, WORK AND PLAY in Vermont with the lifestyle you've always dreamed of...enjoy a healthy environment, wonderful community, Town, schools, ski academy, and great Killington-Pico management with longest season in the East! Great location and visibility with 537 ft. frontage on major E-W Route 4 highway with high traffic counts, up to 26,000 depending on day and season. Shop is centrally located close to Killington and Pico Mountains, near Skyeship Gondola and Bear Mountain lifts and parking lots. The Killington-Pico Area Association promotes area businesses, and its Welcome Center is located 1 mile West of the shop on Route 4. Killington Elevation & Mountain Stats - Largest Ski Resort In the East is very active year-round, with concerts, events, 2 golf courses, lift-serviced mountain biking and town trails. 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, NY, NJ, and CT with over 50% of visitors reporting a HHI over $150k. Pico Mountain Stats - Killington, VT with its junior racing programs, hiking the nearby Appalachian Trail, canoeing and fishing the many area lakes, and foliage season make outdoor life in the Green Mountain State so special. Explore natural wonders at nearby Thundering Brook waterfall, Deer's Leap scenic overlook and much more. Killington Access Road has a variety of restaurants and night life. Convenient to town for groceries, shopping and services. NOW IN PROGRESS: $72 million NEW: Six Peaks Village on 1,000+ Acres, Rebuilding Killington Access Road, Municipal Water System, Workforce Housing and Town Center Offices. NDA and Buyer Questionnaire required. Owners wish to retire and will consider providing transition guidance. NOW IS THE TIME TO ACQUIRE THIS PROPERTY. Disclosure: Cathy Quaglia, a Licensed VT listing agent is also a co-owner.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
588-185-11060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,018,430
  • Listing ID: 27959351

  • Date on Market: 3/12/2023

  • Last Updated:

  • Address: 3429 US Route 4, Killington, VT 05751

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}