List Price: $1,100,000 | $87 per sq.ft. Commercial
Space type
Date Listed Friday Sep 1, 2023 | MLS# 4968327
Space type
Date Listed Friday Sep 1, 2023 | MLS# 4968327
To see this Listing
Address: 3757 Richville Road Village of Bennington in Town of Manchester VT
Listed by Derek Greene Derek Greene
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 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.
Building Type : Business | Industrial | Vacant Land
Disability Features : Easy Grip Door Hardware | Grab Bars in Bathroom
Equipment : CO Detector | Security System | Smoke Detector | Air Conditioner
Misc : Fire System | Low Flow Water Fixture | Smoke/Heat Detectors | Windows - Glazed | Windows - U-Valve | In-Unit Bathroom
Sale Includes : Garage | Land/Building | Building
Listed by Derek Greene Derek Greene
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 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.
Building Type : Business | Industrial | Vacant Land
Disability Features : Easy Grip Door Hardware | Grab Bars in Bathroom
Equipment : CO Detector | Security System | Smoke Detector | Air Conditioner
Misc : Fire System | Low Flow Water Fixture | Smoke/Heat Detectors | Windows - Glazed | Windows - U-Valve | In-Unit Bathroom
Sale Includes : Garage | Land/Building | Building
Features
Signage: Adequate
Rail Service: Y
Railroad Provider: Vermont Railway
Transport Info: City Street | Major Road Access | Public Transportation | Rail Available | State Highway | Town Highway | Paved
Signage: Adequate
Rail Service: Y
Railroad Provider: Vermont Railway
Transport Info: City Street | Major Road Access | Public Transportation | Rail Available | State Highway | Town Highway | Paved
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1986
Insulation-Foam/ClkAirSl | Masonry | Metal | Aluminum Siding | Composition Exterior | Metal Clad Exterior | Stucco Exterior
Price Per SQ.FT. 87.47 No. of Units: 4
Building Size : 12576
Building Type: Business | Industrial | Vacant Land
Year Built: 1986
Insulation-Foam/ClkAirSl | Masonry | Metal | Aluminum Siding | Composition Exterior | Metal Clad Exterior | Stucco Exterior
Price Per SQ.FT. 87.47 No. of Units: 4
Building Size : 12576
Building Type: Business | Industrial | Vacant Land
ExteriorRoof: Membrane
InteriorSprinkler: Wet.
Land Information
Lot size: 9.4 acres
Zoned: Mixed
Road Frontage: 175
Garage And Parking: Off-Site | Parking Spaces 21+ | Paved
Road Frontage: 175
No. of Docks | 3.
Dock Height | 54.
UtilitiesHeating: Air to Air Heat Exchanger | Baseboard | Gas Heater | Gas Heater - Vented | Hot Air | Hot Water | Multi Zone | Propane
Cooling: Central AC
Electric: 200 Amp | 220 Plug | 220 Volt | 3 Phase | Circuit Breaker(s)
Utilities: Cable | Gas - LP/Bottle | Multi Phone Lines | Underground Utilities
AC % | 40.
Additional Information
Taxes $14,367
Assesed Value Not Reported
Taxes $14,367
Assesed Value Not Reported
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