4697 Main Street, Manchester, VT, 05255 | $350,000

Recently Gutted and RESTORED 2021-22 Nipper's Cafe business opportunity offers a completely new Kitchen, Stoves, Water Service, Refrigeration equipment and 50 Seat Restaurant site featuring all new booths, tables, chairs, flooring, baths. . . Real estate is lease for buyers of business at very reasonable rate, $2500 triple net 3 years renewable 7year at 3K triple net. It's in A-1 condition and design appeal! The Stunning transformation is incredibly intelligent planning and design by the seller's who know the business well. The former attached accessory space has also been transformed, creating Cold Cow Creamery or create a take out area away from the restaurant entry and offer's additional business benefits. Located in an exceptional walk by and easy parking access area, the EXPOSURE is premium for the Manchester and the Mountains area! Mountain Views . . . paved parking galore! This is an opportunity unlike any! Currently, a breakfast/lunch with the ice cream until 8 pm, it is not limited and can become any restaurant venue one dreams of having in Manchester. Efficient, Highly Functional and Clean! Triple net lease 2500/m X 3 years. (add Landscaping, Snow removal/sanding, driveway clean up, insurance, maintenance. ) This is the opportunity that may not be resisted!

Features

  • Property Type: Business
  • Construction: Wood Frame,T1-11 Exterior,Wood Siding
  • Parking: Parking Spaces 21+,Paved
  • Heating: Electric
  • Cooling: Mini Split
  • Units: 2
  • Zoning: C-1
  • Frontage: 100
  • Year Built: 1971
  • Acreage: 0.21
  • Est. Taxes: $6,700
  • MLS#: 4963393
  • Website: https://www.raveis.com
    /prop/4963393/4697mainstreet_manchester_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/23/2024
Listing courtesy of Josiah Allen Real Estate, Inc.   Phone: 802-867-5555
Listing Agent: Laura Beckwith

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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4697 Main Street, Manchester, VT, 05255

$350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $280,000 $280,000 $280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $558 $558 $558
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,863 $1,861 $2,401
Total Monthly Payment $2,496 $2,494 $3,034

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.