Listed by Dick Palmer with Hospitality Consultants, LLC 802-293-5007
Under contract
301-321-341 Depot Street
Manchester VT, 05255
$1,950,000
$110.32 per sqft
Under contract
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
January 6, 2025
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, Propane
Exterior/Building Features
Lot Size
1.79 Acres
Sewer
Public
Other Property Details
Area Name
VT-Bennington
Taxes
$37,653
Tax Frequency
Annually
Days on Market
226
Garage
No
Parking
On-Site, Paved
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
1/1/2025 | Under contract | — |
Listed by Dick Palmer with Hospitality Consultants, LLC 802-293-5007
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