1844 Depot StManchester Center, VT 05255

Property Details for 1844 Depot St

Year built

1960

Lot size

1.11 AC

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.

• CAP approach

  CAP return

  Valuation

  6%

  $12,011,386

  6.5%

  $11,087,433

  7%

  $10,295,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,360,138

  Geo Method

  $6,317,672

• Alternative Use

  Use

  Valuation

  Residential

  $13,748,417

  Hospitality

  $12,593,477

  Educational

  $10,477,625

  Medical

  $10,837,966

  Retail

  $16,298,527

Location Insight

City

Manchester Center

County

Bennington

State

Vermont

Latitude

43.1736

Longitude

-73.0229

CBSA code

13540

CBSA name

BENNINGTON, VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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