The buyer of this property would net a CAP RATE OF 6.5%. The well-known Bromley Market property is offered for sale for the first time since 2010. For decades, this freestanding building on the east-west stretch of Route 11 between Londonderry and Manchester has been a convenient stop for travelers and a regular coffee/lunch spot for locals. With Bromley Mountain less than a 2-minute drive and Stratton 13 miles away, this location is highly visible, with traffic counts of over 5K vehicles per day. The first-floor commercial space features a charming country market leased through July 2027. The market currently offers takeaway and prepared food, a 12-seat dining area, a convenience store and a 2-pump gas station. The Bromley Market name transfers with the property. The 2nd floor includes a freshly renovated 1-bedroom apartment with a separate covered stairway entrance & room for expansion. Electric is metered separately for the apartment. This is an opportunity for employee housing at the base of Bromley Mountain. For an investor interested in a diversified investment property, zoning for this existing property allows for additional uses: retail, office space, or conversion to a 5-bedroom residential property. Light industrial may be an option with the Town of Peru input. Septic permitted and replaced in 2022. Building financials upon request. Take a look at the newly renovated 2nd-floor apartment!
Lot & Building Features
UtilitiesCable - Available, Gas - Underground
ConstructionClapboard Exterior
Parking DescriptionParking Spaces 11 - 20
SewerPrivate, Septic Design Available, Septic
Tax Year2024
Taxes Paid$7,136
WaterDrilled Well, Private
Basement DescriptionCrawl Space
Lot DescriptionLevel, Ski Area, Mountain View, Major Road Frontage
Price History of 3776 VT Route 11, Peru, VT
Date
Name
Price
Difference
05/24/2024
Price Adjustment
$434,000
11.25%
02/04/2024
Price Adjustment
$489,000
8.60%
06/12/2023
Listing Price
$535,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3776 VT Route 11 (MLS #4956813) is a commercial listing located in Peru, VT.
This is a commercial listing with a lot of 21,344 sqft (or 0.49 acres). This property was listed on 06/12/2023 and has been priced for sale at $434,000.
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Listing information courtesy of: TPW Real Estate
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/08/2024