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328 South Main StreetRichford, VT 05476Price: $625,000

  • Price: $625,000
  • 243 Days on Market
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Federal 30-year interest rate: 2.9% last updated on Sep 24, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $625,000List Price
  • 9.5Acreage
  • 10,000Square Feet

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Listed by Dianna Benoit-Kittell of KW Vermont- Enosburg
Stock Market a bit unstable? check out this investment opportunity. Versatile building currently rented by section with the opportunity to be opened up for manufacturing/industrial use. 14' ceilings throughout with only one partition that cannot be removed. This property requires minimal maintenance; exterior of the building is comperflex, concrete block and brick, and driveway is paved. Owned solar on the roof provides power for the whole building through high use months and generates a significant credit for the owner. Current tenants include a day care, hair salon, gym, laundromat, tanning salon, office space and a parcel delivery service (serving primarily Canadian customers). 9.5 acres of prime agricultural 'river bottom' land could be home to hemp or hops (potential brewery space with room for a restaurant). Building was formerly occupied by Sterling Scale (a manufacturing plant). Investor priced for 10-12% cap rate once rented to capacity.

Property Details of 328 South Main Street

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 September 30, 2020.

 

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