366 DEPOT STREET Manchester, VT 05255 | Commercial Sale | Business, Multi-Family
$890,000
Listing Courtesy of
Josiah Allen Real Estate, Inc.
Description
366 Depot Street Real Estate Building: 3 APTS...Manchester Laundromat LLC... An Essential Business... Strong Central Manchester visibility on Route 30 or Depot Street in high traffic commercial area... 4187 SF Building, .28 acres with 8 parking spaces plus, an established business. Since 2014 completely renovated 2187 SF commercial space and updated equipment in 2016. Rear operations room accommodates office, laundry wash/dry/fold/iron service as well as dry cleaning pick up services. Self serve laundromat and utility. Washers: card reading 4 60lb, 8 40lb, 15 30lb, 8 18lb, 2 coin top load. Dryers: 26 card reading 30lb, 6 45lb. Coin Vending. Mixed Use includes three apartments consisting of a studio, one bedroom (under renovation and not leased) and two bedroom currently leased with long standing tenants are deeply under value. Rental units stand to trend upward values instantly and further with renovations. Successfully operating laundromat business concern with numbers trending up yearly... All immediate and successful neighboring businesses are long established and stable since 1960's/70's. Town water and sewer, underground electric. Street lighting with side walk access. ROW over the subject and abutting property to the east for purposes of ingress and egress. Confidentiality docs and financials with qualified principals only. By appointment only.