3757 Richville RoadManchester, VT 05255MLS Number 4921677

  • Price: $1,250,000
  • 130 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
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3757 Richville Road Manchester VT 052553757 Richville Road Manchester VT 052553757 Richville Road Manchester VT 052553757 Richville Road Manchester VT 05255
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  • 9.4Acreage
  • 1986Year Built
  • 12,576Square Feet

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Listed by Derek Greene of Derek Greene
The buyer of this property would net a CAP RATE OF 5.125% This building was originally constructed by the Central Vermont public service corporation, (CVPS): in 1986. It is constructed to the highest industrial standards. The present owners bought it 1998 it's served as their offices and A manufacturing facility for print and publishing business. Simultaneously half of the building was leased to a high-quality very successful fresh fish retailer and wholesaler. When the present owners close their printing business it was immediately occupied by long-term tenants. The building has experienced a 98% occupancy rate for 23 years. The CAP rate at the selling price is 5.125%. There are strong long-term leases in place that will continue with the new owners. The fresh fish wholesaler has a new 10 year lease and there is a daycare center in the front of the building that has a four year lease. There are two other “tenant at will” occupants that have been there over 10 years. Utilities are separate for the fresh fish wholesaler and the rest of the building heating system has been upgraded to 98% efficient propane systems. This is an excellent investment opportunity to own a turnkey rental property.

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More Info

Basic Information

  • StatusACT
  • Modification Date07/20/2022
  • TypeBusiness, Industrial, Vacant Land
  • List Price$1,250,000
  • Broker NameDerek Greene
  • Listing Agent NameDerek Greene
  • Lister Office NameDerek Greene
  • MLS Number4921677
  • MLS StatusActive

Exterior

  • ExteriorAluminum, Composition, Metal Clad, Stucco
  • RoofMembrane

Amenities

  • Accessibility AmenitiesEasy Grip Door Hardware, Grab Bars in Bathroom

Water Body

  • Docks3

Location

  • Building Number3757
  • StreetRichville Road
  • VillageBennington
  • TownManchester
  • StateVT
  • Zip05255
  • CountyBennington
  • Map21

Property

  • Acreage9.4
  • Parking Spaces
  • Property TypeCommercial Sale
  • Area
    • Business District
    • Commercial Zoning
    • In Town
    • Industrial Park
    • Near Public Transportatn
    • Near Railroad
    • Near Shopping
    • Near Skiing
  • Lot Sqft409,464
  • Road Frontage175

Other

  • AC percent40
  • Transport AccessCity Street, Major Road Access, Public Transportation, Rail Available, State Highway, Town Highway, Paved
  • View Count8

Building

  • Year Built1986
  • ConstructionInsulation-Foam/ClkAirSl, Masonry, Metal
  • Door Height14
  • NumberOfUnitsInCommunity4
  • Drive/Doors1
  • FoundationPoured Concrete
  • Square Feet12,576
  • Garage Spaces
  • Rail Available Y/NYes

Interior

  • Ceiling Height14

Utilities

  • FuelGas - LP/Bottle
  • Heating CoolingAir to Air Heat Exchanger, Baseboard, Gas Heater, Gas Heater - Vented, Hot Air, Hot Water, Multi Zone
Berkshire Hathaway HomeServices Stratton Home
Berkshire Hathaway HomeServices Stratton Home
Office: 802-297-2100
PO Box 396
54 VT Rte 30
Bondville, VT 05340
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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 26, 2022 5:23 PM EST.

 

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