Commercial Land for Sale in Manchester, Vermont

301-321-341 Depot St Manchester, VT 05255

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$1,950,000
1.79 acres
Active sale agoEst $17,712/mo

There are THREE BUILDINGS INCLUDED IN THIS OFFERING. Building #1, 301 Depot Street has 5,652 sq ft on two floors, includes and elevator. Building #2, 321 Depot Street has 6,108 sq ft on 2 floors and NO Elevator. Build #3, 341 Depot Street has 5,916 sq ft, on two floors with elevator and currently has a mo. to mo. tenant who occupies the entire building. The Town of Manchester who owns the land acquired the buildings as the result of the experimentation of a Land Lease the Town had with the Tenant who constructed all 3 buildings. Currently buildings 301 and 321 are vacant. Building 341 has a tenant who occupies the entire building and is currently on a month to month basis. This Tenant has expressed a desire to remain in this location and is seeking a long term lease. Based on this information, the Town of Manchester makes not representations as to the Current Tenant or conditions of the buildings, they are being sold "AS IS". Sales price is below the most recent appraisal of the property. There are 82 parking spaces according to the appraisal. All the above information was provided to the broker via the Town of Manchester based on the appraisal which also notes that the property appears to be in the flood hazard zone. The Town Center Zone allows for the most intensive commercial and mixed-use development in Manchester. Vehicle Count 7,379, 2020. Prospective Buyers will be required to sign a confidentiality agreement and show proof of funds.

Directions

The 3 Buildings that are for sale are located between the Jiffy Mart Gas Station/Convenience store in front of Price Chopper and Manchester House of Pizza on the north side of Depot Street approximately a quarter of a mile East of the Roundabout of Depot Street and 7A, Manchester Center, VT.

Property details

Elevation
696 feet
MLS Number
NNEREN 4996358
Date Posted

Property taxes

2022
$37,653

This 1.79-acre property is located at 301-321-341 Depot St in Manchester, VT 05255. The property is currently available for sale for $1,950,000 with a price per acre of $1,089,385. Listing data is sourced from PrimeMLS # 4996358.

Verify sale details at the property source or contact Hospitality Consultants at (802) 293-5007.

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Updated . Checked 1 hour ago. Parcel data by Regrid.

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