3776 VT Route 11 Active

Peru,VT 05152

$ 434000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Business,Multi-Family,Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4956813

Annual Tax Amount $7,136

Tax Year 2024

Lot Size 0.490 Acres

Acres 0.49

Property Description

The buyer of this property would net a CAP RATE OF 6.5%. The well-known Bromley Market property is offered for sale for the first time since 2010. For decades, this freestanding building on the east-west stretch of Route 11 between Londonderry and Manchester has been a convenient stop for travelers and a regular coffee/lunch spot for locals. With Bromley Mountain less than a 2-minute drive and Stratton 13 miles away, this location is highly visible, with traffic counts of over 5K vehicles per day. The first-floor commercial space features a charming country market leased through July 2027. The market currently offers takeaway and prepared food, a 12-seat dining area, a convenience store and a 2-pump gas station. The Bromley Market name transfers with the property. The 2nd floor includes a freshly renovated 1-bedroom apartment with a separate covered stairway entrance & room for expansion. Electric is metered separately for the apartment. This is an opportunity for employee housing at the base of Bromley Mountain. For an investor interested in a diversified investment property, zoning for this existing property allows for additional uses: retail, office space, or conversion to a 5-bedroom residential property. Light industrial may be an option with the Town of Peru input. Septic permitted and replaced in 2022. Building financials upon request. Take a look at the newly renovated 2nd-floor apartment!

Location

State VT

County Vt-bennington

Area Vt-Bennington

Zoning Commercial Recreation(CR)

Rooms

Basement Entrance Interior

Basement Crawl Space

Interior

Inclusions Land/Building

Exterior

Parking Features Parking Spaces 11 - 20

Garage Description Parking Spaces 11 - 20

Utilities Available Cable - Available,Gas - Underground

Building

Sewer Private,Septic Design Available,Septic

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