363 River St, Springfield, VT 05156

$525,000

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Listing courtesy of Daire Gibney from Barrett and Valley Associates Inc.. ()

Listing sold by from Barrett and Valley Associates Inc.

Sold Price
$525,000
List Price
$675,000

Property Description

This extremely well-built and maintained building is perfect for an investor who wants a diverse, well-established, and stable investment property. Anchored by a unique and popular 1955 Fully Restored Mahoney diner car with 88 seats and a modern circa 2003 stainless steel commercial kitchen,  which was built with the capacity of double the restaurant's current output. There is also a modern fitness center along with two office units!  The rents are stable and leases are solid through 2024. It is far to say that this opportunity will pay off.  Situated along Route 106 with a daily traffic count of over 8,500 vehicles this property will always occupy a prime location near the bustling town of Springfield, Vermont. The property has many updates including newer HVAC. The spaces themselves are large and can be configured in many ways allowing for an array of new uses in the future. Come see this fantastic opportunity today!!

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