Springfield, VT 05156,363 River ST
Listed by Daire Gibney • Barrett and Valley Associates Inc.
Bought with Daire Gibney • Barrett and Valley Associates Inc.

$525,000

Est. payment /mo

$675,000

22.2%
Est.Price: ?

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363 River ST Springfield, VT 05156

8,560 SqFt

SOLD DATE : 02/21/2025

Key Details

Sold Price $525,000

Property Type Commercial

Sub Type Investment,Office,Opportunity,Other

Listing Status Sold

Purchase Type For Sale

Square Footage 8,560 sqft

Price per Sqft $61

MLS Listing ID 4954678

Sold Date 02/21/25

Year Built 1960

Annual Tax Amount $18,282

Tax Year 2022

Lot Size 1.290 Acres

Acres 1.29

Property Sub-Type Investment,Office,Opportunity,Other

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!!

Location

State VT

County Vt-windsor

Area Vt-Windsor

Zoning commercial

Interior

Cooling Central AC

Exterior

Parking Features Parking Spaces 21+

Garage Description Parking Spaces 21+

Utilities Available Other

Building

Sewer Public

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Nikki Douglass

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