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181 South St 5,948 SF 100% Leased Retail Building Springfield, VT 05156 $699,000 ($117.52/SF)



EXECUTIVE SUMMARY
This well-maintained commercial property in the heart of Springfield, VT, offers a unique opportunity for both investors and owner-operators. The building consists of three units: two fully renovated, income-generating 2-bedroom rental apartments that provide steady cash flow, and a highly adaptable ground-floor space. Currently operating as a 25-seat restaurant, the space doubles as an event venue with a spacious, modern kitchen that is perfect for catering. The building has been meticulously cared for, ensuring it will require minimal investment for future use. The ground floor offers immense potential for a variety of businesses, whether you choose to continue with the restaurant or repurpose the space for a neighborhood market, deli, or retail store-its history as a local deli proves its versatility. A convenient service window enhances the space's functionality for quick service, take-out, or drive-through offerings, adding even more appeal to potential operators. Situated in a prime location, this property boasts excellent foot traffic, strong community ties, and easy access to nearby amenities. The combination of well-maintained residential units and prime commercial space makes this an outstanding opportunity for those looking to capitalize on Springfield's growing market. Don't miss out on the chance to own a piece of this thriving community!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,948 SF
Building Class
C
Year Built
1960
Price
$699,000
Price Per SF
$117.52
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.30 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 606-190-11845 | Improvements Assessment | $337,100 |
| Land Assessment | $16,900 | Total Assessment | $354,000 |
PROPERTY TAXES
Parcel Number
606-190-11845
Land Assessment
$16,900
Improvements Assessment
$337,100
Total Assessment
$354,000
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181 South St
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