Homes for sale - 3757 Richville RD, Manchester, VT 05255

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Kasia Butterfield

kasia@thecblife.com +1(802) 369-0188

Listed by Derek Greene • Derek Greene

$ 1,100,000

Est. payment | -/mo

9.4 Acres Lot

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$ 1,100,000

Est. payment | -/mo

Save

9.4 Acres Lot

Key Details

Property Type Commercial

Sub Type Business,Industrial,Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4968327

Year Built 1986

Annual Tax Amount $14,367

Tax Year 2022

Lot Size 9.400 Acres

Acres 9.4

Property Description

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.

Location

State VT

County Vt-bennington

Area Vt-Bennington

Zoning Mixed

Interior

Heating Gas - LP/Bottle

Cooling Central AC

Inclusions Garage, Land/Building, Building

Equipment CO Detector, Security System, Smoke Detector, Air Conditioner

Exterior

Garage Off-Site, Parking Spaces 21+, Paved

Garage Description Off-Site, Parking Spaces 21+, Paved

Utilities Available Cable, DSL, Gas - LP/Bottle, Multi Phone Lines, Underground Utilities

Roof Type Membrane

Building

Foundation Poured Concrete

Sewer Public

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Kasia Butterfield

REALTOR® | Lic# V:081.0004204 | N.H.:058769

kasia@thecblife.com

+1(802) 369-0188

55 Village Green Circle Quechee, VT, 05059

3757 Richville RD Manchester, VT 05255

Kasia Butterfield

Kasia Butterfield

Key Details

Location

Interior

Exterior

Building

3757 Richville RD