508 Depot StreetManchester, VT 05255MLS Number 4608442
- Price: $1,200,000The price has recently decreased
- 434 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 3.94% last updated on 2017-12-21
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
For the first time in nearly three decades a prime location in Manchester's commercial core is available for sale. The .96 acre parcel is located at the intersection of Depot Street (Routes 11/30) and Richville Road, a busy eastern corridor into this southern Vermont town. The parcel borders the famed Battenkill with more than 300 feet of frontage. The level parcel includes one three-story building originally constructed in the 1880's, updated in the 1940s, and again in the 1990s. It currently houses a 2200 sq. ft. convenience store, a 3300 sq. ft. auto parts store and 2200 sq. feet of residential space on the upper floors. Additionally, there is a 3000 sq. ft. bath and tile store constructed in 1990 on the parcel. A paved asphalt parking lot between the two structures with additional gravel parking available behind the older building provides 36 designated parking spaces. 4 rental income producing units - 1 residential & 3 retail spaces. In addition, property is sold with a current town permit to construct a new 3000 square foot convenience store with 4 gas pumps/8 hoses. This 0.96 acre lot has endless opportunities. Seller owns existing Convenience Store and Auto Parts Store and will consider selling businesses in addition to real estate. Property addresses include: 508, 530, 532, and 534 Depot Street, Manchester Center, Vermont 05255.
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- Modification Date12/09/2017
- List Price$1,200,000
- Date Listed2016-11-09T00:00:00
- MLS Number4608442
- ExteriorWood Siding
- Building Number508
- Broker NameTPW Real Estate
- Agent NameCarroccio
- Delayed ShowingsNo
- Number of Photos30
- View Count15
- Square Feet11765
- Year Built1940
- Property TypeCommercial Sale
- TypeInvestment, Retail
- Sale IncludesLand/Building
- Excluded From SaleAppliances in commercial convenience store and residential apartment are excluded.
. 3792 Square Feet 0.28 Acreage Year Built in 1820.
Commercial building on Main Street. Commercially zoned providing opportunity on three levels. New reduced price being sold below assessment. Listing agent is a licensed real estate agent and owner of this building. More
. 0 Square Feet 0 Acreage Year Built in 1914.
Wonderful in town location home with attached approximately 1,360 square foot workshop/studio with cathedral ceiling. Previously used at photographers studio. Lease both out together or separately.Back yard is bordered by West Branch of the Battenkill River. Property is in flood zone so flood insurance is required. Owner currently pays $1,583.00 per year for flood insurance. More
. 2900 Square Feet 2.7 Acreage Year Built in 1965.
Garlic John's has been a icon in Manchester dining for over 35 years. First time offered for sale. Licensed for 100 seats with a cozy bar, very attractive dining room and seating available on the deck seasonally. Lots of parking as well as Location, Location, Location. The owners have developed an outstanding and loyal staff. Owners will help train new purchaser through a smooth transition. The kitchen is immaculately clean. Property shows pride of ownership throughout. More
. 5539 Square Feet 1.12 Acreage Year Built in 2004.
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. 0 Square Feet 0 Acreage Year Built in 1999.
Northshire Professional Park provides access and visibility from Route 7A just north of Manchester Center on Route 7A. Suite A, a well appointed office condominium constructed in 1999 currently provides 4 private offices, an open conference area and private bathroom. Air conditioning, handicap accessible bathroom and natural light - take a look! More
. 7841 Square Feet 0.18 Acreage Year Built in 1840.
Northshire Glass is for sale for $75,000. This listing is for the business only. This is your chance to own a well established business with a 15 plus year track record. Owner willing to train and mentor the right buyer. This is the ideal business for the tradesmen looking to strike out on his own. Inventory also available to purchase for a credit worthy buyer. Buy the building and the business together for $475,000. See MLS # 4619757 for details. Two well maintained apartments on second floor. Excellent long term occupancy history. The cap rate for the combined rental and glass business is approximately 7.25%. More
. 3600 Square Feet 1.63 Acreage Year Built in 1800.
For the last 37 years this property has been home to Center Hill Past and Present. The antique business has occupied the 2 story 3600 SF barn with handicapped accessible bathroom. The owners reside in 3700 SF, three story, four bedroom home built by Mark L. Manley in the late 1890s. This notable Center Hill property is finally on the market after only being owned by three families. The property has road frontage on Center Hill & Spruce streets, 3 lots totaling 1.63 acres, 2 with development potential. Manley a local businessman partnered in a variety of mercantile ventures in Manchester Depot beginning in the 1870s. In 1909 he purchased the successful Cone & Burton business from Allen L. Graves on Main Street and Manchester Center and opened a branch of the Combination Cash franchise, which remained in the Manley family well into the 1960s. During the building of the New York Public Library on 5th Avenue in Manhattan by the Norcross and West Co., marble was transported from the quarries in South Dorset, VT to Manchester on the Manchester, Dorset & Granville Railroad from 1903-1916. The track crossed the Manley property on the east side of the barn and the raised track bed and ties are still apparent today. More
. 2079 Square Feet 0.37 Acreage Year Built in 1960.
This building is in a prominent location on Historic Vermont 7A. It has great pedestrian and vehicular traffic for excellent retail exposure. The hospitality industry has blossomed in Manchester in recent years. It is directly across the street from the brand new Hampton Inn, along the mile of shops that make up Manchester Centers shopping district. The building is ready for a new owners renovation. More
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