Lake St. Catherine Real Estate, Wells and Poultney Vermont Homes - New England Lakeside Realty VT

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1942 Depot StreetManchester, VT 05255MLS Number 4689822

  • Price: $800,000The price has recently decreased
  • 47 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.62% last updated on 2018-06-14

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 2.7Acreage
  • 1940Year Built
  • 4878Square Feet
  • 19Map

Profitable and well developed food service operation in Manchester Vermont. A robust 3 year average growth rate of 6.2% beats the 3 year 5.2% average growth of the $32,000,000 Manchester restaurant market. The business assets include all equipment, furnishings, fixtures, electronic systems, intellectual property & trade names. Allocated value of the business less current assets is $200,000 in relation to normal cash flow from operations of $150,000. The real estate allocation of $600,000, vs assessed value of $758,500, consists of 4,878 square feet of good condition finished space upon 2.7 acres with 3 entry points to 50 parking spaces. The 125 seat restaurant property includes a 65 KW solar farm, vegetable garden for fresh produce, and bee hives. High visibility location that works well as is but can easily accommodate significant modifications. After 15 years of producing excellence and the kids now done with college, Dina and Henry are ready to pass on their fine operation. A full systems strong performer within a solid growth market makes this an exceptional opportunity for young professionals seeking a good income and truly great place to live.

Listed by Paul Hardy of VTCRE Solutions

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New England Lakeside Realty

Your Local Office

New England Lakeside Realty
10 North St
Wells VT, 05774

Office: (802) 645-9001

More Info

Parking

  • Parking Spaces

Building

  • Year Built1940
  • FoundationConcrete
  • Square Feet4878
  • Available Sqft4878
  • BasementConcrete, Concrete Floor, Stairs - Interior, Walkout

Exterior

  • ExteriorClapboard
  • RoofMembrane, Metal, Slate

Amenities

  • Accessibility AmenitiesAccess Parking, Access Restrooms, Accessibility Features, Zero-Step Entry Ramp

Other

  • bloggingYes
  • Book271
  • Page624
  • Delayed ShowingsNo
  • View Count1

Basic Information

  • StatusACT
  • Date Listed2018-05-02T00:00:00
  • Modification Date06/07/2018
  • TypeHospitality
  • List Price$800,000
  • Agent NameHardy
  • Broker NameVTCRE Solutions
  • Listing Agent NamePaul Hardy
  • Lister Office NameVTCRE Solutions
  • MLS Number4689822

Water Body

  • Docks1

Photos

  • Number of Photos5

Location

  • Building Number1942
  • StreetDepot
  • TownManchester
  • StateVT
  • Zip05255
  • CountyBennington
  • Map19

Property

  • Acreage2.7
  • Property TypeCommercial Sale
  • Lot Sqft117612
  • SignageAdequate

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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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