Commercial for Sale: 3757 Richville Road, Manchester, VT 05255

$1,100,000
$1,100,000
3757 Richville Road, Manchester, VT 05255
$1,100,000
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Price:
$1,100,000

Type Commercial
Lot Size 9.40 acres
Year Built 1986
Taxes Paid $14,367

City Manchester
County Bennington

MLS 4968327
Status Active
DOM 449 days
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.

Lot & Building Features

Utilities Cable, Underground Utilities, Multi Phone Lines, Gas - LP/Bottle, DSL
Construction Aluminum Siding, Stucco Exterior, Metal Clad Exterior, Metal, Masonry, Insulation-Foam/Clk Air Sl, Composition Exterior
Cooling Central AC
Heating Air to Air Heat Exchanger, Multi Zone, Hot Water, Hot Air, Gas Heater - Vented, Gas Heater, Baseboard
Parking Description Off-Site, Paved, Parking Spaces 21+
Sewer Public
Tax Year 2022
Taxes Paid $14,367
Water Public
Foundation Poured Concrete
Lot Description Field/Pasture, River Frontage, River, Mountain View
Roof Membrane

Price History of 3757 Richville Road

Date Name Price Difference
09/01/2023 Listing Price $1,100,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3757 Richville Road, Manchester, VT

Location Map Street View
Photo of Paula Filias
Paula Filias
Realtor
Direct: 978-479-0157
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Derek Greene, Derek Greene
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1.3060909090909%
6.75%
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3757 Richville Road (MLS #4968327) is a commercial listing located in Manchester, VT. This commercial listing is on a lot of 409,464 sqft (or 9.40 acres) and is 38 years old. This property was listed on 09/01/2023 and has been priced for sale at $1,100,000.

Nearby zip codes are 05250, 05251, 05253, 05254 and 05340. This property neighbors other cities such as Dorset, Peru, Sunderland and Winhall.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Derek Greene

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 11/23/2024