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55 N Main St 7,966 SF 100% Leased Retail Building Rochester, VT 05767 $1,250,000 ($156.92/SF)
Executive Summary
Situated in a prime location in the town of Rochester, this historic building offers multiple income streams, including restaurant, retail, residential and Airbnb revenue. Built in approximately 1860, the property contains seven rentable units, including the Rochester Cafe (currently closed), a licensed restaurant with 45 +/- seats inside, and a further 30 seats on the porch (in-season); an attached Country Store with open retail space, wood floors, high ceilings and large storefront windows; two apartments above the store and cafe; two Airbnb units; and a commercial/retail space. The building retains many of the 19th century features that were typical of a 19th-century Vermont village commercial block, and is a significant part of scenic Rochester’s village center and streetscape. City water and sewer , newly painted, new 26.4 KW Solar Peak Power System installed, basement recently expanded with new areaway, new HVAC for commercial space, new plumbing in all renovated areas, new electrical systems throughout. Financial information available upon request. This property has been fully redone in a manner that spared no expense, and brought the building back to its full beauty and potential. The Cafe has been a central feature of community life in Rochester, and the community is keeping the spirit alive with free coffee and pastries on the Cafe porch every weekend this summer, attracting locals and the numerous visitors who pass through Rochester every week Come see it and realize your dreams!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,966 SF
Building Class
B
Year Built
1860
Price
$1,250,000
Price Per SF
$156.92
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.77 AC
Zoning
Commercial
Parking
20 Spaces (2.51 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 525-165-11227 | Improvements Assessment | $400,000 |
| Land Assessment | $50,800 | Total Assessment | $450,800 |
Property Taxes
Parcel Number
525-165-11227
Land Assessment
$50,800
Improvements Assessment
$400,000
Total Assessment
$450,800
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55 N Main St