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351 Depot St 4,307 SF Retail Building Manchester Center, VT 05255 $1,600,000 ($371.49/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 4 years revenue has averaged approximately $740K 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
$1,600,000
Price Per SF
$371.49
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. The property has an estimated appraised value of $1.2 million.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Manchester Pizza
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- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Manchester Pizza | - | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | (116)0798 | Improvements Assessment | $532,600 |
| Land Assessment | $267,400 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
(116)0798
Land Assessment
$267,400
Improvements Assessment
$532,600
Total Assessment
$800,000
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