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List Price:$Commercial Property $675,000 | $75 per sq.ft.
Under Contract 363 River Street Springfield VT | Space type Food Service,Free Standing Building,Office Building,Storefront
MLS# 4954678 -
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Listed by Daire Gibney Barrett and Valley Associates Inc. on May 30th 2023
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DESCRIPTION
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This extremely well-built and maintained building is perfect for an investor who wants a diverse, well-established, and stable investment property. Anchored by a unique and popular 1955 Fully Restored Mahoney diner car with 88 seats and a modern circa 2003 stainless steel commercial kitchen, which was built with the capacity of double the restaurant's current output. There is also a modern fitness center along with two office units! The rents are stable and leases are solid through 2024. It is far to say that this opportunity will pay off. Situated along Route 106 with a daily traffic count of over 8,500 vehicles this property will always occupy a prime location near the bustling town of Springfield, Vermont. The property has many updates including newer HVAC. The spaces themselves are large and can be configured in many ways allowing for an array of new uses in the future. Come see this fantastic opportunity today!!
Sale Includes : Equipment | Land/Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 35573
Gross Income| 82328
Price per SQFT | 74.83 -
CONSTRUCTION
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Aluminum Siding | Vinyl Siding
Price Per SQ.FT. 74.83
Year Built: 1960
No. of Units-| 4
Building Type: Investment | Office | Opportunity | Other
Garage And Parking: Parking Spaces 21+
Electric: 3 Phase | On-Site
Utilities: Other
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
- Lot size: 1.29 acres
Zoned: commercial)
Flood Zone: Unknown
ADDITIONAL INFORMATION
- Transport Info: Public Transportation | Paved
Taxes $18,282 | Assesed Value $0 in
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