3776 Vt Route 11 Peru, VT 05152
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!
- Property TypeCommercial
- NeighborhoodN/A
- CountyN/A
- Taxes$6,420
- HOA/Condo/Coop Fees$0
- Days on Site285 Days
- MLS StatusActive
- MLS ID Number4956813
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.49 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Clapboard
- Parking Parking Spaces 11 - 20
- Sewer Private SewerSeptic Tank
- Basement Crawl Space
- Acreage 0.49
- Water WellPrivate
- Property Sub Type Business
- Zoning Commercial Recreation(CR)
Exterior Features
- Lot LevelMajor Road FrontageMountain ViewSki Area
Community Features
- MLS Area VT-Bennington