Listed by Kristin Comeau with TPW Real Estate 802-366-1430

Active

3776 Route 11

Peru VT, 05152

$434,000


Active

1 Bath

Commercial

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!

4956813

MLS ID

June 13, 2023

Listed

September 17, 2024

Updated

Map

3776 Route 11
Peru VT, 05152

Interior Features

Total Bathrooms

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.49 Acres


Sewer

Private, Septic Design Available, Septic

Other Property Details

Area Name

VT-Bennington


Taxes

$7,137


Tax Frequency

Annually


Days on Market

440


Garage

No


Parking

Parking Spaces 11 - 20


View

No


Pool

No

Listing History

Date

Event

Price

5/24/2024

Price change

$434,000

-12%

2/7/2024

Price change

$489,000

-9%

2/5/2024

Price change

$489,000

-9%

Listed by Kristin Comeau with TPW Real Estate 802-366-1430

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