103 Troy StRichford, VT 05476

Property Details for 103 Troy St

Lot size

1.47 AC

Property type

Showrooms

APN

(162) TR0103

APU

162TR0103

Description

This 1,200 square foot commercial/industrial building in Richford, Vermont, sits on a spacious 1.47-acre lot, offering significant potential for a variety of uses. The property features a main lobby/office area with two desks and a bathroom. A recent addition includes two newly constructed office/meeting rooms with a separate entrance, providing flexibility for different business needs. A separate entrance leads to a sizable storage room, previously used as a kitchen and easily adaptable for that purpose again. The building's history includes use as a snack shack and, more recently, as office space. The current configuration reflects thoughtful renovations, including the enclosure of a covered deck to create the additional office/meeting rooms. Accessibility is enhanced by a newly installed handicap-accessible ramp. A concrete pad adjacent to the building presents further opportunities for expansion or outdoor use. The property's size and adaptable layout offer a compelling alternative to leasing commercial space, promising potentially higher returns on investment. The building's location in Richford, VT provides convenient access to local amenities and transportation routes. This property is priced at $149,000.

• CAP approach

  CAP return

  Valuation

  6%

  $23,382,980

  6.5%

  $21,584,290

  7%

  $20,042,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,225,428

  Geo Method

  $21,083,710

• Alternative Use

  Use

  Valuation

  Residential

  $18,207,156

  Hospitality

  $16,677,657

  Educational

  $13,875,615

  Medical

  $14,352,819

  Retail

  $21,584,290

Location Insight

City

Richford

County

Franklin

State

Vermont

Latitude

44.9915

Longitude

-72.6703

CBSA code

15540

CBSA name

BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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