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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$1,465,000

MLS# 5021789
sq.ft. Bedroom | 0 Bathroom
Commercial
Lamere Square Ludlow VT 		 
$1,465,000 Commercial Property, Lamere Square Ludlow VT | Space type MLS# 5021789

DESCRIPTION
Long-time owners of Lamere Square, the popular complex in the Village of Ludlow are ready to pass it along to a new owner. We are hopeful that we will find someone who will continue taking care of the tenants and property as they have been for years. The numbers and condition of the property speak for themselves. Perhaps you are an investor looking for a place with impressive numbers, or someone seeking a tangible place to put your retirement savings, or just would like to invest in an area you know. Maybe you remember this place as where you stop in for a slice of pizza, a taco, some tasty eats, or a bottle of wine, some Winter gear, or a framed Vermont photo. Great landlords often have great tenants and this is the case here with all of the units being rented to bustling businesses and respectful residential tenants who are current with rent. There are eight commercial units (most with long-term leases) and three residential units with approximately 14,439 feet of finished space. The five buildings (four plus "The Hut") have had many recent improvements inside and out beyond the basic maintenance. Specific information on the property is available upon request as there is too much to list. The improvements are many from the roofs to the boilers to the newly paved parking lot. Sellers are willing to share income and operating expenses with serious buyers and will even consider owner terms and a transitional management period for the right buyer.
Building Type : Investment

Sale Includes : Land/Building
Net Income| 0
Management Expense-| $0
Insurance Expense -| $0

FEATURES AND DETAILS
| Price Per SQ.FT. 0.00 | Year Built: 0
No. of Units-| 0
Building Size | 0
Basement: Unfinished
Building Type: Investment
Garage And Parking: On-Site | Paved
Utilities: Cable - Available | Gas - LP/Bottle | Telephone At Site
No. of Docks | 0.
No. of Drive Doors | 0.
LAND INFORMATION
 
ADDITIONAL INFORMATION
Zoned: Commercial
 Taxes $18,659  | Assesed Value $0 in
  • Well-Maintained Property with Great Tenants 22419442 Well-Maintained Property with Great Tenants
  • Building 1 - Established Mexican Restaurant! 22417123 Building 1 - Established Mexican Restaurant!
  • Building 1 - Entry to Upstairs 2-bedrrom Unit 22406973 Building 1 - Entry to Upstairs 2-bedrrom Unit
  • Covered Seating Plus More Out Front 22417113 Covered Seating Plus More Out Front
  • Building 1 - Lamere Square Building 1 - Lamere Square's Oldest Business!
  • Vibrant Colors - A Popular Spot Yearround 22417121 Vibrant Colors - A Popular Spot Yearround
  • Perfect Stop for Food On the Way Home 22417115 Perfect Stop for Food On the Way Home
  • Building 1 Basement - Recently Replaced Mechanicals 22417118 Building 1 Basement - Recently Replaced Mechanicals
  • Building 1 Rear Unit - Cookster Building 1 Rear Unit - Cookster's for Tasty Takeout
  • 22417970
  • 22417109
  • Inspections Are Up To Date 22421994 Inspections Are Up To Date
  • Building 4 (Small Addition to Building 3) "The Hut" 22406969 Building 4 (Small Addition to Building 3) "The Hut"
  • Building 4 - Cookster Unit for Storage with Deck 22417110 Building 4 - Cookster Unit for Storage with Deck
  • Building 3 - Two Apartments and One Retail Space 22406977 Building 3 - Two Apartments and One Retail Space
  • Building 3 - Upstairs 2-Bedroom Apartment 22417163 Building 3 - Upstairs 2-Bedroom Apartment
  • Highly Desirable Open and Airy Unit 22417133 Highly Desirable Open and Airy Unit
  • Recently Renovated - Great Vermont Character 22417158 Recently Renovated - Great Vermont Character
  • Wood Cabinets and Update Appliances 22417129 Wood Cabinets and Update Appliances
  • Bedroom One 22417125 Bedroom One
  • Bedroom Two 22417126 Bedroom Two
  • Bathroom with Shower 22417134 Bathroom with Shower
  • This Unit Even Has a Washer and Dryer 22417127 This Unit Even Has a Washer and Dryer
  • Roomy Reading Loft - A Fun Space 22417132 Roomy Reading Loft - A Fun Space
  • 22406967
  • Building 3 - Retail Space on First Floor 22417175 Building 3 - Retail Space on First Floor
  • Building 3 - Wine Shop and More 22417166 Building 3 - Wine Shop and More
  • 22417168
  • Building 3 - Basement (Recently Replaced Boiler) 22428251 Building 3 - Basement (Recently Replaced Boiler)
  • Building 3 - This is a One-bedroom Microunit Apartment 22417177 Building 3 - This is a One-bedroom Microunit Apartment
  • 22428256
  • Building 2 - Front Upper Unit is Storage/Inventory 22406976 Building 2 - Front Upper Unit is Storage/Inventory
  • 22417758
  • 22418165
  • Impressive Interior 22418164 Impressive Interior
  • Newly Added Durable Floors 22417760 Newly Added Durable Floors
  • 22417761
  • Building 2 Roadside with Ramp to Retail Store 22406975 Building 2 Roadside with Ramp to Retail Store
  • Building 2 Rear Unit Retail Photography Space 22407020 Building 2 Rear Unit Retail Photography Space
  • Covered Porches for Winter Shoppping Ease 22406972 Covered Porches for Winter Shoppping Ease
  • A Nice Bright Space to View Some Amazing Work 22417757 A Nice Bright Space to View Some Amazing Work
  • The Interior is Meticulous! 22418059 The Interior is Meticulous!
  • 22418080
  • The Work Room Where the Photos Are Framed 22418163 The Work Room Where the Photos Are Framed
  • Basement and Boiler in Building 2 22418054 Basement and Boiler in Building 2
  • Building 5 - One Large Unit (Wall Was Removed) 22406958 Building 5 - One Large Unit (Wall Was Removed)
  • Outdoor Seating - Some Even Covered 22406959 Outdoor Seating - Some Even Covered
  • Great Tenants - Have You Tried Their Pizza? 22418057 Great Tenants - Have You Tried Their Pizza?
  • Take Out or Eat In at This Successful Business 22418162 Take Out or Eat In at This Successful Business
  • This is Where the Magic Happens! 22417972 This is Where the Magic Happens!
  • 22418161
  • 22417969
  • Customer Rest Room 22417971 Customer Rest Room
  • To the Upstairs Above the Seating Area 22418055 To the Upstairs Above the Seating Area
  • The Arcade Loft 22417968 The Arcade Loft
  • Enjoy Lunch Listening to the Jewel Brook 22417179 Enjoy Lunch Listening to the Jewel Brook
  • Plenty of Parking for This Popular Restaurant 22418056 Plenty of Parking for This Popular Restaurant
  • Dumpster and Woodshed for Wood-Fired Pizza 22418058 Dumpster and Woodshed for Wood-Fired Pizza
  • View of Okemo - Great Village Location! 22418160 View of Okemo - Great Village Location!
  • Parking Lot Was Recently Paved 22422056 Parking Lot Was Recently Paved
15 Buck Rd. Hanover, NH 03755 603-643-3942

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