Description
Great Investment Opportunity! Historic Manchester convenience store plus additional retail space plus separate commercial building plus apartment. Corner location at traffic-lighted intersection. This .96 acre parcel is located at the intersection of Depot Street (Routes 11/30) and Richville Road in the commercial core of Manchester. It borders the famous Battenkill River with over 300 feet of frontage and is one of the busiest locations in Town at the east end. Close to Super 7 interchange and gateway to ski areas. The level parcel includes one three story building that currently houses a 2250sq. ft. convenience store, a 2100 sq. ft. vacant retail space and a 1250 sq. ft. residential apartment. In addition, there is a 3000 sq. ft. retail building constructed in 1990 offering multiple possibilities to a new owner. Ample parking, easy access, great visibility, high traffic. Many recent upgrades and improvements including new propane boiler, electrical wiring & plumbing upgrades, etc. It checks all the boxes! Investors take note: Potential 10+% CAP Rate. See attached proforma. Easy to show, call broker.
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0BEDS
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0.96ACRES
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0BATHS
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01/2 BATHS
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8,600SQFT
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$140$/SQFT
School Ratings & Info
Description
Great Investment Opportunity! Historic Manchester convenience store plus additional retail space plus separate commercial building plus apartment. Corner location at traffic-lighted intersection. This .96 acre parcel is located at the intersection of Depot Street (Routes 11/30) and Richville Road in the commercial core of Manchester. It borders the famous Battenkill River with over 300 feet of frontage and is one of the busiest locations in Town at the east end. Close to Super 7 interchange and gateway to ski areas. The level parcel includes one three story building that currently houses a 2250sq. ft. convenience store, a 2100 sq. ft. vacant retail space and a 1250 sq. ft. residential apartment. In addition, there is a 3000 sq. ft. retail building constructed in 1990 offering multiple possibilities to a new owner. Ample parking, easy access, great visibility, high traffic. Many recent upgrades and improvements including new propane boiler, electrical wiring & plumbing upgrades, etc. It checks all the boxes! Investors take note: Potential 10+% CAP Rate. See attached proforma. Easy to show, call broker.
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Courtesy of Joshua Wien of Northshire Realty: [IDXCONTACTINFORMATION].