1844 Depot St Manchester Center, VT 05255-4403

Property Details for 1844 Depot St

Year built

1960

Lot size

1.11 lot acres

Property type

Investment properties

Property subtype

Live-work space

APN

(116)0104

APU

1160104

Description

Exceptional investment opportunity: Raven's Den Steakhouse and Taproom, a thriving Class A restaurant in Manchester Center, Vermont, is for sale for $1,599,000. This 4,413 square foot, two-story building sits on a 1.1-acre lot and boasts a 13.76% cap rate with a $220,000 NOI. The property includes a fully operational restaurant and a renovated apartment, offering dual income streams. Built in 1994, the building is in excellent condition, minimizing upfront investment needs. The restaurant enjoys a prime location in a high-traffic area with 100% occupancy, benefiting from a loyal customer base and strong financial performance. The sale includes the real estate and the established business, offering a turnkey operation with significant growth potential. The property is zoned for mixed use and features a single tenancy with a net lease type. This is a rare opportunity to acquire a successful, established business with strong financials and a desirable location in a vibrant Vermont community. The property offers a compelling combination of immediate income generation and long-term appreciation potential. The restaurant's well-maintained facilities and modern upgrades ensure a seamless transition for the new owner. This is an ideal acquisition for both experienced restaurateurs and astute investors seeking a high-return investment with minimal deferred maintenance.