Richford VT Commercial Real Estate

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328 South Main, Richford, VT

MLS Number 4671953

  • Commercial
  • Acreage 9.5

The possibilities are endless in this money-making investment property! 10,000 sq ft masonry building with solar panels producing 28.842 kW AC, completely powering the building and 2 other commercial businesses. You are not only getting a state-of-the-art solar-powered facility, also a 16-camera surveillance system, central vac, offices and business rental spaces, secure card-access entry, 9 bathrooms, 4 showers, full kitchen, kitchenette, and 9.5 acres bordering the Missisquoi River. Most spaces currently leased. When you step into the card-access entryway, you'll enter a large room, which is rented as a private fitness center, which is attached to a smaller classroom-style room, and men's and woman's locker rooms fully equipped with sauna and showers. As you exit this area and enter the other side of the building, you will see a full laundry facility still in use by tenants. This was once an active community laundromat. Classroom and office spaces of all sizes available, with ability to add and remove partition walls. Drop-down ceilings extend to 13' in most areas. Two paved parking lots. Currently, property is home to a hair salon, daycare service, trucking company, and paving company. One hour North of Burlington, one hour East of Plattsburg, NY, one mile South of Canada, 15 min from Jay Peak 4-Season resort.

Listed by Tami Lantz and Margo Sherwood of Sherwood Real Estate

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Alburgh
87 South Main Street
Alburgh VT, 05440
Office: 802-796-6100

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Federal 30-year interest rate: 4.53% last updated on Jul 12, 2018
* 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.

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14 Province, Richford, VT

MLS Number 4702570

  • Commercial
  • Acreage 0.74

Opportunity knocks! Are you looking to step out big and own your own restaurant building and business with catering / banquet hall, 9 monthly residential rental units, and a 5 room motel. Well here you go! The sale includes a fully running restaurant & bar with seating for 140 that has the ability to expand with the catering and a 2 room 5400 sf banquet hall. The business has been owned by the same owners for decades who are willing to say on and train a new owner. The restaurant is fully staffed and operating and the existing staff wants to stay on. The banquet hall has a separate bar and can be split for smaller functions or for seating up to 299 and has everything you need to accommodate weddings and large functions on or offsite. The banquet hall has additional outdoor seating and all the tables and chairs, place setting, serving pans, and everything it takes to make it all happen. Upstairs they have 9 rental studio suits that rent for $600 a month and across the street there are 5 motel rooms for nightly and weekly rentals at $65 a night. This complete operation averages over $725,000 a year in gross revenue but has huge potential for more income through the banquet hall. A stronger online presence for the motel and catering could change the income as these owners have focused on the restaurant. Some studio suites connect and could be modified for an owner to live onsite. A cold storage 24x20 Quonset hut is included. OWNER FINANCING opportunities to a qualified buyer.

Listed by Shawn Cheney of eXp Realty LLC

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Alburgh
87 South Main Street
Alburgh VT, 05440
Office: 802-796-6100

Do not fill in this field:

Do not fill in this field:

$
$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Jul 12, 2018
* 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.

Virtual TourSave FavoriteSchedule A VisitAsk A QuestionMore Details

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