363 River Street Springfield VT 05156 Commercial $675,000

$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

Listed by Daire Gibney Barrett 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!!

Location : Business District | Commercial Zoning | Near Shopping | Suburban

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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Phone:603-542-5188
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FEATURES AND DETAILS

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

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