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Courtesy of Derek Greene of Derek Greene.

3757 Richville Road

Manchester, VT 05255
  • $1,250,000
  • STATUS: Active
  • MLS #: 4921677
UPDATED: 45 min ago
$1,250,000
  • 0
    BEDS
  • 9.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:
Area:

School Ratings & Info

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 its 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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© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. 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 2022-12-08T07:06:22.177.
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3757 Richville Road Manchester, VT 05255

  • Price: $1,250,000
  • Status: Active
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 4921677
0
Beds
0
Baths
0
½ Baths
9.4
Acres
1986
Built
Neighborhood:
Manchester
County:
Bennington
Area:
Manchester
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 its 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.
Exterior Features

Construction Insulation-Foam/ClkAirSlMasonryMetal Exterior AluminumCompositionMetal CladStucco Lot Description Field/PastureMountain ViewRiverRiver Frontage Parking Off-SiteParking Spaces 21+Paved Railroad Available Yes Road Frontage Yes Road Frontage Length 175 Roof Membrane Total Drivein Doors 1 Total Loading Docks 3 Transport Access City StreetMajor Road AccessPublic TransportationRail AvailableState HighwayTown HighwayPaved

Interior Features

Air Conditioning Percentage 40 Basement No Ceiling Height 14 Cooling Central Ac Dock Height 54 Door Height 14 Equipment Co DetectorSecurity SystemSmoke DetectorAir Conditioner Foundation Poured Concrete Heating Air To Air Heat ExchangerBaseboardGas HeaterGas Heater - VentedHot AirHot WaterMulti Zone Sq Ft Total Building 12576 Total Elevators 0

Property Features

Accessibility Features Easy Grip Door HardwareGrab Bars in Bathroom Area Description Business DistrictCommercial ZoningIn TownIndustrial ParkNear ShoppingNear SkiingNear Public TransportatnNear Railroad Assessment Amount 788100 Assessment Year 2022 Commercial Features Fire SystemLow Flow Water FixtureSmoke/Heat DetectorsWindows - GlazedWindows - U-ValveIn-Unit Bathroom Electric 200 Amp220 Plug220 Volt3 PhaseCircuit Breaker(S) Foreclosed / Bank Owned / REO No Heat Fuel Gas - Lp/Bottle Natural Gas Available No Net Income 62500 Pre Construction No Railroad Provider Vermont Railway Sale Includes GarageLand/BuildingBuilding Seasonal No Sewer Public Span Number 37511612183 Sprinkler Wet Sub Property Type BusinessIndustrialVacant Land Surveyed Yes Tax Gross Amount 14370 Tax Year 2022 Taxes Tbd No Utilities CableDslFiber Optic Internt AvailGas - Lp/BottleHigh Speed Intrnt -AtsiteMulti Phone LinesUnderground Utilities Vacant Land No Village District Locale Bennington Water Public Zoning Mixed

Courtesy of Derek Greene of Derek Greene: [IDXCONTACTINFORMATION].


© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. 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 2022-12-08T07:06:22.177.
 
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