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
November 25, 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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