$550,000

About this home

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.

Property details

MLS #

5101292

Property type

Commercial Sale

Subdivision

N/A

Status

Active

Days on market

20

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

1.26 acres