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Listed by Kristin Comeau • TPW Real Estate
$434,000
Est. payment /mo
0.49 Acres Lot
UPDATED:
08/25/2024 09:32 PM
Key Details
Property Type Commercial
Sub Type Business,Multi-Family,Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4956813
Annual Tax Amount $7,136
Tax Year 2024
Lot Size 0.490 Acres
Acres 0.49
Property Description
The buyer of this property would net a CAP RATE OF 6.5%. The well-known Bromley Market property is offered for sale for the first time since 2010. For decades, this freestanding building on the east-west stretch of Route 11 between Londonderry and Manchester has been a convenient stop for travelers and a regular coffee/lunch spot for locals. With Bromley Mountain less than a 2-minute drive and Stratton 13 miles away, this location is highly visible, with traffic counts of over 5K vehicles per day. The first-floor commercial space features a charming country market leased through July 2027. The market currently offers takeaway and prepared food, a 12-seat dining area, a convenience store and a 2-pump gas station. The Bromley Market name transfers with the property. The 2nd floor includes a freshly renovated 1-bedroom apartment with a separate covered stairway entrance & room for expansion. Electric is metered separately for the apartment. This is an opportunity for employee housing at the base of Bromley Mountain. For an investor interested in a diversified investment property, zoning for this existing property allows for additional uses: retail, office space, or conversion to a 5-bedroom residential property. Light industrial may be an option with the Town of Peru input. Septic permitted and replaced in 2022. Building financials upon request. Take a look at the newly renovated 2nd-floor apartment!
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning Commercial Recreation(CR)
Rooms
Basement Entrance Interior
Basement Crawl Space
Interior
Inclusions Land/Building
Exterior
Parking Features Parking Spaces 11 - 20
Garage Description Parking Spaces 11 - 20
Utilities Available Cable - Available, Gas - Underground
Building
Sewer Private, Septic Design Available, Septic
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