3776 Vt Route 11 , Peru, VT 05152
Peru, VT 05152
Description
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!
Details
| MLS# | 4956813 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 426 |
| Listing Provided By | TPW Real Estate | Kristin Comeau |
Features
| Basement | Y |
|---|---|
| Units | 1 |
| Zoning | Commercial Recreation(CR) |
| Acreage | 0.49 |
Market Activity 05152
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Learn More About This Property
| State | VT |
|---|---|
| County | Bennington |
| City | Peru |
| Zip Code | 05152 |
| Listing VS Median (in 05152) | |
Price: $434,000 low | high Med: $592,000 On Site: 426 low | high Med: 54.000000 | |