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351 Depot St 4,307 SF Retail Building Manchester Center, VT 05255 $2,223,984 CAD ($516.36 CAD/SF)
EXECUTIVE SUMMARY
This well-established restaurant has been serving its customers for over 40 years. Located in one of Vermont’s premier resort communities, the business has established a strong loyal clientele of locals, visitors, and second homeowners. Over the past 3 years revenue has averaged approximately $750K resulting in cash flow to its owners of $300K.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,307 SF
Building Class
C
Year Built
1976
Price
$2,223,984 CAD
Price Per SF
$516.36 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.69 AC
Zoning
TC - An area for the most intensive commercial activity and mixed-use development in Manchester. Town Center
Parking
56 Spaces (13 Spaces per 1,000 SF Leased)
Frontage
78’ on Depot Street
ABOUT 351 DEPOT ST , MANCHESTER CENTER, VT 05255
The business operates out of an approximate 4,200 square foot building situated on an 0.69+/- acres. The building is owned by the seller through a separate LLC and is included with the sale of the business. Property was recently appraised at a conservative $1.0 million.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Manchester Pizza
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Manchester Pizza | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | (116)0798 | Improvements Assessment | $740,309 CAD |
| Land Assessment | $371,683 CAD | Total Assessment | $1,111,992 CAD |
PROPERTY TAXES
Parcel Number
(116)0798
Land Assessment
$371,683 CAD
Improvements Assessment
$740,309 CAD
Total Assessment
$1,111,992 CAD
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Country Business, Inc.
351 Depot St
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