58 Depot St Manchester Center, VT 05255-9500
This exceptional 15,000 square foot storefront, known locally as "The Crystal Palace," presents a prime retail investment opportunity in the heart of Manchester, Vermont. Located at 58 Depot St, 05255, this iconic building boasts a 30-year retail history and benefits from a highly visible location at the intersection of heavily traveled Routes 11/30 and Route 7A. Its central position across from the Town Green and Riverwalk ensures maximum exposure to pedestrian and vehicular traffic. The property features convenient access from three points, ample parking on two sides, and sidewalks on all four sides, maximizing accessibility for customers. Built in 1986, the building is currently 25% occupied under a triple net lease (NNN) with no remaining lease term. The asking price is $1,249,000, translating to $83.27 per square foot. While the current occupancy is 25%, the limitless potential of this multi-tenancy retail space makes it an attractive proposition for investors seeking a strong foothold in a vibrant Vermont market. The property's prime location and established history offer a unique opportunity for significant return on investment. This is a rare chance to acquire a landmark building in a thriving downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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