Manchester, VT 05255,508 Depot ST
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Manchester, VT 05255,508 Depot ST
Manchester, VT 05255,508 Depot ST
Manchester, VT 05255,508 Depot ST
Manchester, VT 05255,508 Depot ST
Listed by Paul William Carroccio • TPW Real Estate
Bought with Joshua Wien • Northshire Realty

$710,000

Est. payment /mo

$899,000

21.0%
Est.Price: ?

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508 Depot ST Manchester, VT 05255

11,765 SqFt

SOLD DATE : 01/13/2021

Key Details

Sold Price $710,000

Property Type Commercial

Sub Type Investment,Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 11,765 sqft

Price per Sqft $60

MLS Listing ID 4608442

Sold Date 01/13/21

Year Built 1940

Annual Tax Amount $12,447

Tax Year 2019

Property Description

For the first time in nearly three decades a prime location in Manchester’s commercial core is available for sale. The .96 acre parcel is located at the intersection of Depot Street (Routes 11/30) and Richville Road, a busy eastern corridor into this southern Vermont town. The parcel borders the famed Battenkill with more than 300 feet of frontage. The level parcel includes one three-story building originally constructed in the 1880's, updated in the 1940s, and again in the 1990s. It currently houses a 2200 sq. ft. convenience store, a 3300 sq. ft. auto parts store and 2200 sq. feet of residential space on the upper floors. Additionally, there is a 3000 sq. ft. bath and tile store constructed in 1990 on the parcel. A paved asphalt parking lot between the two structures with additional gravel parking available behind the older building provides 36 designated parking spaces. 4 rental income producing units - 1 residential & 3 retail spaces. In addition, property is sold with a current town permit to construct a new 3000 square foot convenience store with 4 gas pumps/8 hoses. This 0.96 acre lot has endless opportunities. Seller owns existing Convenience Store and Auto Parts Store and will consider selling businesses in addition to real estate. Property addresses include: 508, 530, 532, and 534 Depot Street, Manchester Center, Vermont 05255.

Location

State VT

County Vt-bennington

Area Vt-Bennington

Zoning C-1

Rooms

Basement Entrance Interior

Basement Full

Exterior

Exterior Feature Wood Siding

Utilities Available Cable

Building

Sewer Public

Water Public

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Gail Beardmore

License Partner/Broker | License ID: 081.0004359

+1(802) 236-5431

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