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    328 South Main Street

    Richford, VT 05476
    • $625,000
    • STATUS: Active
    • ON SITE: 260 days
    • MLS #: 4792306
    UPDATED: 49 min ago
    $625,000
    • 0
      BEDS
    • 9.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    Courtesy of Dianna Benoit-Kittell of Kw Vermont- Enosburg.

    Description

    Stock Market a bit unstable? check out this investment opportunity. Versatile building currently rented by section with the opportunity to be opened up for manufacturing/industrial use. 14' ceilings throughout with only one partition that cannot be removed. This property requires minimal maintenance; exterior of the building is comperflex, concrete block and brick, and driveway is paved. Owned solar on the roof provides power for the whole building through high use months and generates a significant credit for the owner. Current tenants include a day care, hair salon, gym, laundromat, tanning salon, office space and a parcel delivery service (serving primarily Canadian customers). 9.5 acres of prime agricultural 'river bottom' land could be home to hemp or hops (potential brewery space with room for a restaurant). Building was formerly occupied by Sterling Scale (a manufacturing plant). Investor priced for 10-12% cap rate once rented to capacity.

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    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-19T18:07:16.233.
    www.livingvermont.com/homes/102837932
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    328 South Main Street Richford, VT 05476

    • Price: $625,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 4792306
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.5
    Acres
    10,000
    SQFT
    $63
    $/SQFT
    1983
    Built
    Neighborhood:
    Richford
    County:
    Franklin
    Area:
    Richford
    Property Description
    Stock Market a bit unstable? check out this investment opportunity. Versatile building currently rented by section with the opportunity to be opened up for manufacturing/industrial use. 14' ceilings throughout with only one partition that cannot be removed. This property requires minimal maintenance; exterior of the building is comperflex, concrete block and brick, and driveway is paved. Owned solar on the roof provides power for the whole building through high use months and generates a significant credit for the owner. Current tenants include a day care, hair salon, gym, laundromat, tanning salon, office space and a parcel delivery service (serving primarily Canadian customers). 9.5 acres of prime agricultural 'river bottom' land could be home to hemp or hops (potential brewery space with room for a restaurant). Building was formerly occupied by Sterling Scale (a manufacturing plant). Investor priced for 10-12% cap rate once rented to capacity.
    Exterior Features

    Construction Masonry Exterior BlockConcreteOther Lot Description Country SettingLandscapedMajor Road FrontageNeighbor BusinessRental ComplexTrail/Near Trail Parking On-SiteParking Spaces 21+Paved Road Frontage Yes Road Frontage Length 610 Roof Shingle - ArchitecturalShingle - Asphalt Transport Access Major Road AccessState HighwayPaved Water Body Type River

    Interior Features

    Air Conditioning Percentage 100 Basement No Basement Description Concrete FloorFrost WallSlab Ceiling Height 14' Cooling Central Ac Equipment Security SystemSmoke DetectorSmoke Detectr-Hrdwrdw/Bat Foundation ConcretePoured ConcreteSlab - ConcreteSlab W/ Frost Wall Heating BlowersHot Air Sq Ft Total Building 10000 Sq Ft Total Source Municipal

    Property Features

    Accessibility Features 1st Floor 3 Ft. Doors1St Floor Hrd Surfce Flr1St Floor Low-Pile Carpet3 Ft. DoorsAccess Laundry No StepsAccess ParkingAccess RestroomsBathroom W/Step-In ShowerGrab Bars in BathroomHard Surface FlooringKitchenette W/5 Ft. DiamLow Pressure Door OpeningNo StairsNo Stairs From ParkingOne-Level BusinessPaved ParkingZero-Step Entry Ramp1St Floor Laundry Cable Company Comcast Commercial Features Public RestroomsSecurity SystemShowersSmoke/Heat DetectorsHeat Included Electric 3 PhaseCircuit Breaker(S) Electric Company Vt Elec Flood Zone Unknown Fuel Company Blouins Bros Heat Fuel Oil Items Excluded Tenants Own Most Of The Contents Of The Building. Natural Gas Available No Phone Company Consolidated Pre Construction No Sale Includes Land/BuildingBuilding Sewer Public Span Number 516-162-11301 Sub Property Type Other Surveyed Yes Tax Gross Amount 11482.26 Tax Year 2019 Taxes Tbd No Utilities Cable - At SiteDsl - AvailableGas - Lp/BottleHigh Speed Intrnt -AtsiteInternet - CableMulti Phone Lines Water MeteredPublic Water Restrictions No Zoning Commercial

    Courtesy of Dianna Benoit-Kittell of Kw Vermont- Enosburg.


    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-19T18:07:16.233.
     
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    RE/MAX North Professionals
    875 Roosevelt Highway
    Colchester VT, 05446
    Courtesy of Dianna Benoit-Kittell of Kw Vermont- Enosburg.