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
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