39 Esplanade - Restaurant FOR SALE


Richmond, VT 05477
$1,150,000 USD
802-598-1168
39 Esplanade, Richmond, VT for Sale
$1,150,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

39 Esplanade
Richmond, VT 05477


OVERVIEW

Unique opportunity to acquire a mixed-use investment property in Richmond featuring an established restaurant on the first floor and two residential units on the second level. The approximately 3,174 SF, two-story building sits on 0.46 acres and offers a diversified combination of commercial and residential income potential. The current restaurant operator is the property owner and is willing to enter into a long-term leaseback at closing, providing an incoming investor with the opportunity for established commercial tenancy alongside residential rental income. Property Highlights Approximately 3,174 SF two-story building 0.46 +/- acre site First-floor restaurant space Seller currently operates the restaurant Seller willing to execute a long-term leaseback at closing Two second-floor residential units, One 2BD 1BA, One 1 BD 1BA Diversified commercial and residential income opportunity Built in 2007

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

COM

APN/PARCEL ID

(163) ES0039

ASK ABOUT THIS PROPERTY

John BealV/T CommercialMore Info
802-598-1168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John BealV/T CommercialMore Info
802-598-1168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.