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$675,000 | $75 per sq.ft. Commercial Property, in 363 River Street Springfield VT | Space type Food Service,Free Standing Building,Office Building,Storefront MLS# 4954678



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Listed by Daire GibneyBarrett and Valley Associates Inc. on May 30th 2023 363 River Street Springfield VT 05156

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!!
Building Type : Investment | Office | Opportunity | Other

Misc : Public Restrooms | Security System

Sale Includes : Equipment | Land/Building
Signage-| Adequate
Traffic Count-|
Price per SQFT | 74.83 Net Income| 35573
Gross Income| 82328
Management Expense-| $0
Insurance Expense -| $0
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FEATURES AND DETAILS
CONSTRUCTION:
Aluminum Siding | Vinyl Siding | Price Per SQ.FT. 74.83 | Year Built: 1960
No. of Units-| 4
Building Size | 9020
Available SQFT | 8560
Building Type: Investment | Office | Opportunity | Other
Garage And Parking: Parking Spaces 21+
Heating: Electric
Cooling: Central AC
Electric: 3 Phase | On-Site
Utilities: Other
No. of Docks | 0.
No. of Drive Doors | 9020.
LAND INFORMATION
 
ADDITIONAL INFORMATION
Lot size: 1.29 acres
Zoned: commercial
Flood Zone: Unknown
 Transport Info: Public Transportation | Paved
Taxes $18,282  | Assesed Value $0 in
Coldwell Banker Homes Unlimited Real Estate
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Copyright © 2024 JJ Ranney Realty, LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. JJ Ranney Realty, LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM

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