List Price: $675,000 | $75 per sq.ft. Commercial
Space type Food Service,Free Standing Building,Office Building,Storefront
Date Listed Tuesday May 30, 2023 | MLS# 4954678
Space type Food Service,Free Standing Building,Office Building,Storefront
Date Listed Tuesday May 30, 2023 | MLS# 4954678
To see this Listing
Address: 363 River Street Springfield VT
Listed by Daire Gibney Barrett and Valley Associates Inc.
Description:
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!!
Location : Business District | Commercial Zoning | Near Shopping | Suburban
Building Type : Investment | Office | Opportunity | Other
Misc : Public Restrooms | Security System
Sale Includes : Equipment | Land/Building
Listed by Daire Gibney Barrett and Valley Associates Inc.
Description:
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!!
Location : Business District | Commercial Zoning | Near Shopping | Suburban
Building Type : Investment | Office | Opportunity | Other
Misc : Public Restrooms | Security System
Sale Includes : Equipment | Land/Building
Features
Signage: Adequate
Transport Info: Public Transportation | Paved
Signage: Adequate
Transport Info: Public Transportation | Paved
Income
Net Income| 35573
Gross Income| 82328
Management Expense: $0
Insurance Expense : $0
Net Income| 35573
Gross Income| 82328
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1960
Aluminum Siding | Vinyl Siding
Price Per SQ.FT. 74.83 No. of Units: 4
Building Size : 9020
Available SQFT : 8560
Building Type: Investment | Office | Opportunity | Other
Year Built: 1960
Aluminum Siding | Vinyl Siding
Price Per SQ.FT. 74.83 No. of Units: 4
Building Size : 9020
Available SQFT : 8560
Building Type: Investment | Office | Opportunity | Other
Exterior
Interior
Land Information
Lot size: 1.29 acres
Zoned: commercial
Flood Zone: Unknown
Garage And Parking: Parking Spaces 21+
No. of Docks | 0.
UtilitiesCooling: Central AC
Electric: 3 Phase | On-Site
AC % | 0.
Additional Information
Easement - Unknown
Taxes $18,282
Assesed Value Not Reported
Easement - Unknown
Taxes $18,282
Assesed Value Not Reported
Schools
