Good Investor Return !

Special Purpose for Sale
Catylist Listing ID: 30011814
Property Subtypes: Agricultural
Building Size (RSF): 1,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.72 Acres
Sale Price: $199,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Long time Feed and Saddlery store, with many extensions and outbuildings included that are not heated and therefore not part of the building size. Presently a 5 year lease with a 2 year option with a company that has been running the feed store business for the last 2 + years. Income and expense sheet is available.
According to the Town of Fairlee there are 5100 sq' in the building.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $3,830 (Annual)

Additional Details

Nearest MSA: Claremont-Lebanon
County: Orange
Tax ID/APN: 219-071-10463
Zoning: COMMERCIAL
Property Located Between: White River Junction, Vt and St Johnsbury/Lyndonville, VT on I-91
Property Visibility: Good
Largest Nearby Street: Interstate 91
Highway Access: Less than 1/2 mile to I-91 access, located directly on State Route 5
Airports: Lebanon, NH - almost equally distant to Manchester, NH and Burlington, VT
Site Description: All level and usable
Area Description: Located on Main Street in a Vermont town with restaurants/grocery stores
Number of Stories: 3
Property Condition: Good
Year Built: 1900
Roof Type: Arched
Construction/Siding: Wood Frame
Exterior Description: 3 story silo - 2nd and 3rd stories no heat but windows and usable - 90' long X30' +/- section for the animal feed with 3 trailers off from that (8'X53' each) as well as an attached 25'X30' new building as well as a structure for the hay - total building from the Town of Fairlee is 5100 square feet.
Parking Type: Surface
Parking Description: Gravel parking for more than 10 cars plus additional possible parking
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Internet Access: Cable
Interior Description: 1800 sq' is heated with a 1/2 bath, 3000 +/- sq' unheated, 2 stories of the silo unheated, 25'X30' attached barn unheated
Zoning Description: Commerical
Lot Frontage: 144'
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Full
Legal Description: Book 58, Page 317

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 977 4,608
Median Age: 46.85 45.96
Households: 429 1,962

Contact

Photograph of Listing Agent

Cheryl Brush

Moseley Associates
NECPE Member
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