2282 Depot Street, Manchester, VT, 05255 | $995,000

Own a Piece of Manchester Magic: Restaurant, Bar & Endless Possibilities! Calling all entrepreneurs and visionaries! This iconic Manchester landmark is your gateway to opportunity. Seize the chance to capture customers flowing off the highway or locals seeking their perfect escape. Location, location, location! This high-traffic spot catches visitors flooding off the highway towards the slopes, as well as locals seeking a fun escape. Currently a beloved restaurant and bar, the possibilities are endless thanks to flexible MU3 zoning. This unique structure contains *A sprawling two-story event room: Imagine unforgettable gatherings with balcony seating, a dedicated stage, and a service bar to keep the party flowing. *A bustling restaurant/bar space: Carry on the current legacy or personalize it to your culinary vision. *Flexible upper floor: Convert it into office suites, cozy living quarters, or additional storage – the choice is yours! Step outside and discover even more. Ample parking welcomes guests with ease and avoids the dreaded parking scramble. A unique "corral" space to host games, outdoor events, or expand your service area under the open Vermont sky. This isn't just a building, it's a foundation for your dreams. Are you ready to take a well-known establishment and turn it into something legendary?

Features

  • Property Type: Business,Hospitality,Industrial,Office,Other,Retail
  • Parking: Off Street,On-Site,Parking Spaces 21+,Unpaved
  • Zoning: MU3
  • Frontage: 348
  • Year Built: 1960
  • Acreage: 2.8
  • Est. Taxes: $12,056
  • MLS#: 4998026
  • Website: https://www.raveis.com
    /raveis/4998026/2282depotstreet_manchester_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/20/2024

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Tg GlazerBroker

732.682.7299

Tg.Glazer@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance

617.320.5687

Joel.Fanjoy@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2282 Depot Street, Manchester, VT, 05255

$995,000

Tg Glazer

Broker

William Raveis Real Estate

Phone: 732.682.7299

Tg.Glazer@Raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $796,000 $796,000 $796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.963% 5.983% 5.805%
Monthly Tax Payment $1,005 $1,005 $1,005
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,273 $4,709 $6,557
Total Monthly Payment $5,370 $5,806 $7,654

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.