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802-295-1355
565 Maple Street
White River Junction, VT 05001

 
Price Change! reduced by $101,000 on May 24th 2024
$434,000 Commercial Property, 3776 VT Route 11 Peru VT | Space type Country Store,Food Service,Gas Station,Storefront MLS# 4956813


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!
Building Type : Business | Multi-Family | Retail

Misc : Living Space Available | In-Unit Bathroom

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


FEATURES AND DETAILS

CONSTRUCTION:
Clapboard Exterior | Price Per SQ.FT. 0.00 | Year Built: 0
No. of Units-| 1
Building Size | 0
Basement: Crawl Space
Building Type: Business | Multi-Family | Retail
Garage And Parking: Parking Spaces 11 - 20
Road Frontage: 523
Utilities: Cable - Available | Gas - Underground
No. of Docks | 0.
No. of Drive Doors | 0.

LAND INFORMATION


 


ADDITIONAL INFORMATION

Lot size: 0.49 acres
Zoned: Commercial Recreation(CR)
Flood Zone: No
Road Frontage: 523
Docs Available : Lease Agreements | Septic Design | Septic Report | Tax Map
Taxes $6,421  | Assesed Value $0 in

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