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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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626 Broad St , Lyndon, VT 05851
$550,000
Est. Payment: $1,222.22/mo
0 Bed
0 Bath
4832 Sqft
Status: Active | Days on site: 26
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House Description

Prime Commercial Opportunity in the Heart of the Northeast Kingdom! Ideally located just off Interstate 91 at Exit 23, this highly visible commercial property offers exceptional exposure along busy Broad Street (~12,000 vehicles per day). Formerly operated as a successful buffet-style restaurant, the building is well suited for a restaurant, brewery, catering operation, retail business, office, medical use, or many other commercial ventures. Constructed in 2005, the approximately 4,832-square-foot building sits on a generous 1.26± acre commercial lot and was built above the floodplain. The layout includes a spacious dining area, commercial kitchen infrastructure, multiple entrances including an accessible entrance with wheelchair ramp, and a convenient loading area with dock-height overhead door for deliveries. A large paved and lighted parking lot provides approximately 39 parking spaces, making it easy to accommodate customers and staff alike. The property benefits from 400-amp, three-phase electrical service and enjoys outstanding visibility from one of Lyndonville's busiest commercial corridors including national retailers and restaurants. It is just minutes from Vermont State University–Lyndon, and serves both local residents and the steady stream of travelers visiting Burke Mountain, Kingdom Trails, Lake Willoughby, and the many recreational destinations throughout the Northeast Kingdom. Whether you're looking to establish a new restaurant, relocate an existing business, or repurpose the building for another commercial use, this is a rare opportunity to acquire a highly recognizable property in one of the region's most desirable commercial locations. Owner would consider a long term NNN lease at $10/sqft to a qualified tenant but would prefer to sell. Priced well below the assessed value of $692,600.

Highlights

Listed by Nicholas Maclure , 802-334-1200 Century 21 Farm & Forest , 802-334-1200.

Property Type

Commercial Sale

Lot/Acreage
1.26

Year Built

2005

County

Caledonia

Listing ID

5101292

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:No

Exterior Features

Lot:In Town
Zoning:Commercial
Roof:Shingle
Sewer:Public
Principal Interest
$1,222
Taxes
$1,095

Home Price

$550,000

Loan Details

30 yrs
%

Down Payment

20%
$110,000
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Monthly Price:
$1,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,222.22 $1,095.44 $0.00 $2,317.67
Yearly $14,666.67 $13,145.32 $0.00 $27,811.99
Total $440,000.00 $394,359.60 $0.00 $834,359.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lyndon, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.