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Redevelopment/Owner-User Opportunity 626 Broad St 4,832 SF Retail Building Lyndonville, VT 05851 $550,000 ($113.82/SF)



Investment Highlights
- 4,832-SF Vacant Restaurant on a +/-1.26 Acre Parcel | Commercial Zoning | 2005 Construction Built Above Flood Plain
- Located Within an Opportunity Zone
- Proximity to Downtown Lyndonville Along US-5 Going Through Downtown | Located Near National Tenants Such as McDonald’s, ACE Hardware, Walgreens, &More
- 2 Entrances With Wheelchair Ramp & Large, Lighted Parking Lot: 39 Spaces | Dock High Roll-Up Door On North Side of Building With Easy Truck Loading
- High Visibility Directly Off of Broad Street, Seeing Over 12,500 Vehicles Per Day | 1 Mile Off of Interstate 91 Exit 23 Into Lyndonville: 11,100 VPD
- 2 Miles From Vermont State University Lyndon Campus, With 1,200+ Students and Staff | Lyndonville is Less Than Two Hours From Mount Washington
Executive Summary
Prime Commercial Opportunity in the Heart of the Northeast Kingdom! Ideally located just off Interstate 91 at Exit 23, this highly visible commercial property offers exceptional exposure along busy Broad Street (~12,000 vehicles per day). Formerly operated as a successful buffet-style restaurant, the building is well suited for a restaurant, brewery, catering operation, retail business, office, medical use, or many other commercial ventures. Constructed in 2005, the approximately 4,832-square-foot building sits on a generous 1.26± acre commercial lot and was built above the floodplain. The layout includes a spacious dining area, commercial kitchen infrastructure, multiple entrances including an accessible entrance with wheelchair ramp, and a convenient loading area with dock-height overhead door for deliveries. A large paved and lighted parking lot provides approximately 39 parking spaces, making it easy to accommodate customers and staff alike. The property benefits from 400-amp, three-phase electrical service and enjoys outstanding visibility from one of Lyndonville's busiest commercial corridors including national retailers and restaurants. It is just minutes from Vermont State University-Lyndon, and serves both local residents and the steady stream of travelers visiting Burke Mountain, Kingdom Trails, Lake Willoughby, and the many recreational destinations throughout the Northeast Kingdom. Whether you're looking to establish a new restaurant, relocate an existing business, or repurpose the building for another commercial use, this is a rare opportunity to acquire a highly recognizable property in one of the region's most desirable commercial locations. Owner would consider a long term NNN lease at $10/sqft to a qualified tenant but would prefer to sell.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,832 SF
Building Class
C
Year Built
2005
Price
$550,000
Price Per SF
$113.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
39 Spaces (8.07 Spaces per 1,000 SF Leased)
Frontage
565’ on Broad St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 369-114-10267 | Improvements Assessment | $268,300 |
| Land Assessment | $195,200 | Total Assessment | $463,500 |
Property Taxes
Parcel Number
369-114-10267
Land Assessment
$195,200
Improvements Assessment
$268,300
Total Assessment
$463,500
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Redevelopment/Owner-User Opportunity | 626 Broad St
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