$1,100,000 $5,905 est/mo Sourced by Back At You

3757 Richville Road,Manchester, VT 05255

Manchester VT, 05255

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The buyer of this property would net a CAP RATE OF 5.125% This building was originally constructed by the Central Vermont public service corporation, (CVPS): in 1986. It is constructed to the highest industrial standards. The present owners bought it 1998 its served as their offices and A manufacturing facility for print and publishing business. Simultaneously half of the building was leased to a high-quality very successful fresh fish retailer and wholesaler. When the present owners close their printing business it was immediately occupied by long-term tenants. The building has experienced a 98% occupancy rate for 23 years. The CAP rate at the selling price is 5.125%. There are strong long-term leases in place that will continue with the new owners. The fresh fish wholesaler has a new 10 year lease and there is a daycare center in the front of the building that has a four year lease. There are two other tenant at will occupants that have been there over 10 years. Utilities are separate for the fresh fish wholesaler and the rest of the building heating system has been upgraded to 98% efficient propane systems. This is an excellent investment opportunity to own a turnkey rental property.


Listing TypeFor Sale
Days On Site263
Listing Provided ByDerek Greene | Derek Greene



Market Activity 05255

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Listings Checked: 11 minutes ago
CountyVT Bennington
Zip Code05255
Listing VS Median (in 05255)
low | high
86.454545454545% of Average
On Site:
low | high
100% of Average
Sourced by Back At You
Listing Updated: September 2, 2023 at 1:04:30 AM PDT