Riverfront Commercial Building with TONS of additional options

3 Main St, North Springfield, VT 5150

$450,000 After Repair Value -
$380,000 Asking Price -
$0 Cost of Repairs =
$70,000 Potential Profit

Property Details

Asking Price $380,000

After Repair Value $450,000

Costs of Repairs $0

Potential Profit $70,000

Living Area 7,200 ft2

Property Type Commercial Property

Bedrooms 4

Bathrooms 2

Half Bathrooms 5

Parking 0

Listed with Agent No

Property Description

Looking for an awesome site in the charming North Springfield, VT hamlet on a well-exposed level corner lot adjacent to Vermont State Highway 106 in a bend of the Black River? KJ\'s Place is for you.
KJ’s Place is a a well-maintained 7200 sq. ft commercial building on approximately 1.25 acres adjacent to the Black River in Southern Vermont. This space is 100% up to code – and beyond. There are a wet and dry sprinkler system and hard-wired smoke detectors with battery backup throughout the building.
Within KJ’s Place, there are three separate spaces all with their own entrances:
1. A 3750 sq. ft fully airconditioned event hall with stage, and sound system. The hall sports a full commercial kitchen including char-broiler and Garland stove with six burners, double oven, and flat-top grill. The kitchen has a pantry and its own outside entrance. Within the event hall are a storage room and a serving counter with access to the kitchen. The handicap accessible event space is serviced by two dedicated handicap accessible bathrooms. Culinary and serving items go with the property, if desired or the current owners will dispose of them.

2. A 1500 sq. ft pine paneled, carpeted space with a home-style kitchen, and serving counter. Two bathrooms and a back office adjoin this space. Like the event hall, this space is fully airconditioned. Currently, this space, a popular sports’ tavern houses two 7-ft pool tables, four big screen TVs, a foosball table, a darts area, an ATM and Jute Box with 25,000 selections. Theses features as with remaining liquor inventory, glassware, bar stools, chairs, tables, etc. go with this turnkey property or, if desired, current owners will dispose of them.
Under this space is a 1300 sq. ft dry, concrete floor basement with internal and external access.
3. Two two-bedroom one-bath apartments on the second floor. Each is approximately 900 sq. ft. Both are continuously rented by long term tenants on month-to-month contracts.
Is water what you are looking for? The 300 feet of Black River frontage beacon decks and ramps for kayaking, fishing, and other water activities.
This is a turnkey sale if that is what you want, but if you ae envisioning something else, the building, location, and spacious 64 stall parking lot (with 15 more stalls in the back) suggest a variety of business opportunities in addition to the current event hall and sports tavern, e.g., bakery, cafe, restaurant, brew pub, car sales, retail of any kind, a fitness center, dance studio, adult or child daycare center, offices, apartment house with possibility of several more units in the current building and across the parking lot.
Let your dreams go wild!

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