Listed by Dick Palmer with Hospitality Consultants, LLC 802-293-5007

Active

301-321-341 Depot Street

Manchester VT, 05255

$1,950,000


$110.32 per sqft

Active

3 Baths

17,676 sqft

Commercial

There are THREE BUILDINGS INCLUDED IN THIS OFFERING. Building #1, 301 Depot Street has 5,652 sq ft on two floors, includes and elevator. Building #2, 321 Depot Street has 6,108 sq ft on 2 floors and NO Elevator. Build #3, 341 Depot Street has 5,916 sq ft, on two floors with elevator and currently has a mo. to mo. tenant who occupies the entire building. The Town of Manchester who owns the land acquired the buildings as the result of the experimentation of a Land Lease the Town had with the Tenant who constructed all 3 buildings. Currently buildings 301 and 321 are vacant. Building 341 has a tenant who occupies the entire building and is currently on a month to month basis. This Tenant has expressed a desire to remain in this location and is seeking a long term lease. Based on this information, the Town of Manchester makes not representations as to the Current Tenant or conditions of the buildings, they are being sold "AS IS". Sales price is below the most recent appraisal of the property. There are 82 parking spaces according to the appraisal. All the above information was provided to the broker via the Town of Manchester based on the appraisal which also notes that the property appears to be in the flood hazard zone. The Town Center Zone allows for the most intensive commercial and mixed-use development in Manchester. Vehicle Count 7,379, 2020. Prospective Buyers will be required to sign a confidentiality agreement and show proof of funds.

4996358

MLS ID

May 18, 2024

Listed

November 25, 2024

Updated

Map

301-321-341 Depot Street
Manchester VT, 05255

Interior Features

Total Bathrooms

3


Fireplace

No


Cooling

Yes


Cooling Description

Central AC


Heating

Yes


Heating Description

Forced Air, Gas - LP/Bottle

Exterior/Building Features

Lot Size

1.79 Acres


Lot Features

Business District, Commercial Zoning, Near Paths, Near Shopping, Other, Near Public Transportatn


Sewer

Public

Other Property Details

Area Name

VT-Bennington


Taxes

$37,653


Tax Frequency

Annually


Days on Market

175


Garage

No


Parking

On-Site, Paved


View

No


Pool

No

Listed by Dick Palmer with Hospitality Consultants, LLC 802-293-5007

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