363 River Street Springfield, VT
$675,000
Acres 1.29
Description
This extremely well-built and maintained building is perfect for an investor who wants a diverse, well-established, and stable investment property. Anchored by a unique and popular 1955 Fully Restored Mahoney diner car with 88 seats and a modern circa 2003 stainless steel commercial kitchen, which was built with the capacity of double the restaurant's current output. There is also a modern fitness center along with two office units! The rents are stable and leases are solid through 2024. It is far to say that this opportunity will pay off. Situated along Route 106 with a daily traffic count of over 8,500 vehicles this property will always occupy a prime location near the bustling town of Springfield, Vermont. The property has many updates including newer HVAC. The spaces themselves are large and can be configured in many ways allowing for an array of new uses in the future. Come see this fantastic opportunity today!!
Listed by Barrett and Valley Associates Inc., Daire Gibney
Details
MLS 4954678
Price $675,000
Status Active
DOM 564 days
Type Commercial
Lot Size 1.29 acres
Year Built 1960
Taxes Paid $18,282
Lot & Building Features
Utilities Other
Construction Aluminum Siding, Vinyl Siding
Cooling Central AC
Parking Description Parking Spaces 21+
Sewer Public
Tax Year 2022
Taxes Paid $18,282
Water Public
Lot Description City Lot, Major Road Frontage, Level
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.