Listing Provided Courtesy Of:
Dianna Benoit-Kittell with KW Vermont- Enosburg.
Address
328 South Main Street Richford, VT
Price
$ 625,000
Property Attributes
  • MLS#4792306
  • TypeCommercial
  • CountyFRANKLIN
  • CityRichford
  • AreaFranklin
  • NeighborhoodMissisquoi River
  • Zip05476
  • Style
  • Year Built1983
  • Taxes11482
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10000
  • Lot Size9.5 Acres
Listing Provided Courtesy Of:
Dianna Benoit-Kittell with KW Vermont- Enosburg.
Property Description

Stock Market a bit unstable? check out this investment opportunity. Versatile building currently rented by section with the opportunity to be opened up for manufacturing/industrial use. 14' ceilings throughout with only one partition that cannot be removed. This property requires minimal maintenance; exterior of the building is comperflex, concrete block and brick, and driveway is paved. Owned solar on the roof provides power for the whole building through high use months and generates a significant credit for the owner. Current tenants include a day care, hair salon, gym, laundromat, tanning salon, office space and a parcel delivery service (serving primarily Canadian customers). 9.5 acres of prime agricultural 'river bottom' land could be home to hemp or hops (potential brewery space with room for a restaurant). Building was formerly occupied by Sterling Scale (a manufacturing plant). Investor priced for 10-12% cap rate once rented to capacity.

Price History
2/1/2020 Listed $675,000
7/9/2020 8% - $625,000

General Features

Area Description Commercial Zoning, Near Skiing, Near Snowmobile Trails, Rural, Village, Near Public Transportatn
Ceiling Height 14'
Construction Masonry
Cooling Central AC
Electric 3 Phase, Circuit Breaker(s)
Features - Accessibility 1st Floor 3 Ft. Doors, 1st Floor Hrd Surfce Flr, 1st Floor Low-Pile Carpet, 3 Ft. Doors, Access Laundry No Steps, Access Parking, Access Restrooms, Bathroom w/Step-in Shower, Grab Bars in Bathroom
Features - Commercial Public Restrooms, Security System, Showers, Smoke/Heat Detectors, Heat Included
Flood Zone Unknown
Heating Blowers, Hot Air
Listing Area VT-Franklin
Parking On-Site, Parking Spaces 21+, Paved
Price Per Sq Ft 62.5
Road Frontage Yes
Roof Shingle - Architectural, Shingle - Asphalt
Sewer Public
Status Active
Tax Year 2019
Transport/access Major Road Access, State Highway, Paved
Type Commercial Sale
Utilities Cable - At Site, DSL - Available, Gas - LP/Bottle, High Speed Intrnt -AtSite, Internet - Cable, Multi Phone Lines
Water Metered, Public
Year Built 1983
Zoning Commercial

Interior Features

Basement No
Basement Description Concrete Floor, Frost Wall, Slab
Equipment Security System, Smoke Detector, Smoke Detectr-HrdWrdw/Bat
Gas - Natural Available No
Heating Fuel Oil
Total Number of Units 9

Exterior Features

Exterior Block, Concrete, Other
Foundation Concrete, Poured Concrete, Slab - Concrete, Slab w/ Frost Wall
Lot Description Country Setting, Landscaped, Major Road Frontage, Neighbor Business, Rental Complex, Trail/Near Trail
Lot Size Area 9.5
Road Frontage Length 610
Water Body Access Yes
Water Body Name Missisquoi River
Water Body Type River

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 05476

Statistics provided by Inside Real Estate

Price
AVG $540K
$630K
Taxes
AVG $8,346
$11,482
Visits
AVG 16
12
Year Built
AVG 1929
1983
Walkscore
AVG 25
15
Data Provided by Walkscore ® not using MLS data

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