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Listing Presented by:
John A. Beal
Partner
Office: 802-864-2000 x4
Cell: 802-598-1168
208 Flynn Avenue, Studio 2i
Burlington, VT 05401
Contact John
| Richmond Mixed-Use Investment Property | |
| Price: | $1,150,000 |
| Address: | 39 Esplanade Street |
| Richmond, VT 05477 | |
| Use: | Mixed Use |
| Type: | For Sale |
| Size: | 3,174 +/- SF |
| Available: | Immediately |
| Parking: | On-site |
Description:
Unique opportunity to acquire a mixed-use investment property in Richmond featuring an established restaurant on the first floor and two residential units on the second level. The approximately 3,174 SF, two-story building sits on 0.46 acres and offers a diversified combination of commercial and residential income potential. The current restaurant operator is the property owner and is willing to enter into a long-term leaseback at closing, providing an incoming investor with the opportunity for established commercial tenancy alongside residential rental income.
Property Highlights
- Approximately 3,174 SF two-story building
- 0.46 +/- acre site
- First-floor restaurant space
- Seller currently operates the restaurant
- Seller willing to execute a long-term leaseback at closing
- Two second-floor residential units, One 2BD 1BA, One 1 BD 1BA
- Diversified commercial and residential income opportunity
- Built in 2007