1942 Depot StreetManchester, VT 05255MLS Number 4689822

  • Price: $800,000
  • 19 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 2.7Acreage
  • 1940Year Built
  • 4878Square Feet
  • 19Map

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Profitable and well developed food service operation in Manchester Vermont. A robust 3 year average growth rate of 6.2% beats the 3 year 5.2% average growth of the $32,000,000 Manchester restaurant market. The business assets include all equipment, furnishings, fixtures, electronic systems, intellectual property & trade names. Allocated value of the business less current assets is $200,000 in relation to normal cash flow from operations of $150,000. The real estate allocation of $600,000, vs assessed value of $758,500, consists of 4,878 square feet of good condition finished space upon 2.7 acres with 3 entry points to 50 parking spaces. The 125 seat restaurant property includes a 65 KW solar farm, vegetable garden for fresh produce, and bee hives. High visibility location that works well as is but can easily accommodate significant modifications. After 15 years of producing excellence and the kids now done with college, Dina and Henry are ready to pass on their fine operation. A full systems strong performer within a solid growth market makes this an exceptional opportunity for young professionals seeking a good income and truly great place to live.

Listed by Paul Hardy of VTCRE Solutions

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More Info

Basic Information

  • Modification Date05/02/2018
  • List Price$800,000
  • Date Listed2018-05-02T00:00:00
  • StatusACT
  • MLS Number4689822

Interior

  • BasementConcrete, Concrete Floor, Stairs - Interior, Walkout

Amenities

  • Accessibility AmenitiesAccess Parking, Access Restrooms, Accessibility Features, Zero-Step Entry Ramp

Other

  • Broker NameVTCRE Solutions
  • Agent NameHardy
  • bloggingYes
  • Book271
  • Page624
  • Delayed ShowingsNo
  • Number of Photos5

Location

  • Zip05255
  • StateVT
  • Building Number1942
  • TownManchester
  • CountyBennington
  • Map19
  • StreetDepot

Exterior

  • Parking Spaces
  • RoofMembrane, Metal, Slate
  • ExteriorClapboard

Building

  • Square Feet4878
  • Year Built1940
  • FoundationConcrete
  • Docks1
  • Available Sqft4878

Property

  • Property TypeCommercial Sale
  • ZoningSR-2
  • Lot Sqft117612
  • TypeHospitality
  • SignageAdequate
  • Acreage2.7
Signature Properties of Vermont Agents and Staff
Office: 802.872.8881
1 Towne Marketplace Suite 18
Essex Junction, VT 05452

Manchester, VT Demographics

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Manchester, VT Real Estate Market Data

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Manchester, VT Schools

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