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Listed by Hughes Group Team of Casella Real Estate
This property offers a tremendous amount of exposure, with a high traffic count and can work for a number of business ventures. Go to the "D" icon and see the 11 businesses that have been successful with this location. The property consists of a two story building that has 4 nice apartments and a large barn that has a beautiful 3 Bdrm owners quarters, a commercial rental(Bistro area) and numerous other areas that are unfinished, but offer an additional 7,000 sq feet that could add to your finished area. The income numbers only represent the rent from the 4 unit building. Conservatively you could add an additional $10,800 for the yearly Bistro rental. The owners quarters could also add another $18,000 per year increasing the cap rate to over 13 percent. The unfinished space offers a tremendous amount of additional potential, depending on an individuals business plan. The grounds consist of 1.5 acres with long frontage on Furnace Brook, known for its trout fishing and 276 feet of road frontage on Route 7, which produces a high vehicle count. All apartments and living quarters convey with appliances and the 4 unit has great tenants. All rental information along with what is included in each of the rents, and how long that tenant has been renting is also noted under the "D" icon. If you use your imagination this is the property that probably could work for you. An interesting building with numerous improvements over the years.

Property Details of 2842&2847 US Route 7

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 December 2, 2020.

 

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