Price Reduced 18.88%

Listing courtesy of Kristin Comeau, TPW Real Estate Phone: 802-366-1430


Price History

$535,000
6/12/2023

$489,000
2/5/2024

$434,000
5/24/2024


3776 VT Route 11, Peru, VT, 05152

3776 VT Route 11, Peru, VT, 05152

The buyer of this property would net a CAP RATE OF 6.5%. The well-known Bromley Market property is offered for sale for the first time since 2010. For decades, this freestanding building on the east-west stretch of Route 11 between Londonderry and Manchester has been a convenient stop for travelers and a regular coffee/lunch spot for locals. With Bromley Mountain less than a 2-minute drive and Stratton 13 miles away, this location is highly visible, with traffic counts of over 5K vehicles per day. The first-floor commercial space features a charming country market leased through July 2027. The market currently offers takeaway and prepared food, a 12-seat dining area, a convenience store and a 2-pump gas station. The Bromley Market name transfers with the property. The 2nd floor includes a freshly renovated 1-bedroom apartment with a separate covered stairway entrance & room for expansion. Electric is metered separately for the apartment. This is an opportunity for employee housing at the base of Bromley Mountain. For an investor interested in a diversified investment property, zoning for this existing property allows for additional uses: retail, office space, or conversion to a 5-bedroom residential property. Light industrial may be an option with the Town of Peru input. Septic permitted and replaced in 2022. Building financials upon request. Take a look at the newly renovated 2nd-floor apartment!


Status:

Active

Type:

Commercial

Units:

1

Zoning:

Commercial Recreation(CR)

Frontage:

523

Parking:

Parking Spaces 11 - 20

Acreage:

0.49

Est. Taxes:

$7,137

Construction

Clapboard Exterior

MLS #:

4956813


Community Info

School Info

Walk Score

Mass Transit

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