Lyndon, VT | 61 Depot Street

Prime Commercial Opportunity in the Heart of the Northeast Kingdom! Ideally located just off Interstate 91 at Exit 23, this highly visible commercial property offers exceptional exposure along busy Broad Street (~12,000 vehicles per day). Formerly operated as a successful buffet-style restaurant, the building is well suited for a restaurant, brewery, catering operation, retail business, office, medical use, or many other commercial ventures. Constructed in 2005, the approximately 4,832-square-foot building sits on a generous 1.26± acre commercial lot and was built above the floodplain. The layout includes a spacious dining area, commercial kitchen infrastructure, multiple entrances including an accessible entrance with wheelchair ramp, and a convenient loading area with dock-height overhead door for deliveries. A large paved and lighted parking lot provides approximately 39 parking spaces, making it easy to accommodate customers and staff alike. The property benefits from 400-amp, three-phase electrical service and enjoys outstanding visibility from one of Lyndonville's busiest commercial corridors including national retailers and restaurants. It is just minutes from Vermont State University–Lyndon, and serves both local residents and the steady stream of travelers visiting Burke Mountain, Kingdom Trails, Lake Willoughby, and the many recreational destinations throughout the Northeast Kingdom. Whether you're looking to establish a new restaurant, relocate an existing business, or repurpose the building for another commercial use, this is a rare opportunity to acquire a highly recognizable property in one of the region's most desirable commercial locations. Owner would consider a long term NNN lease at $10/sqft to a qualified tenant but would prefer to sell. Priced well below the assessed value of $692,600.

The Historic Brick Diamond is a well maintained multi tenant commercial building in the center of downtown Lyndonville, Vermont. Long term tenants and a good mix of uses provide a stable income base, and below market rents leave clear room to grow. The building has seven units. Some units have private bathrooms, two have kitchens, and two have mini split units for heat and air conditioning. High ceilings and large windows give the space a bright, open feel. Basement and 4th floor storage add useful space, and there are options for the 4th floor as well. The big ticket items are done. The roof is only four years old and carries a 25 year transferrable warranty. The fire panel has been upgraded, all stairways are fire rated, and insulation has been improved. The property is served by town water and town sewer. Location works in your favor. The building sits on a high traffic road with exterior signage for strong visibility. It is next to the annual Lyndonville Christmas display, and the town recently upgraded its downtown street lighting. This is a definite value add opportunity. Rents are below market, and with one heating system and one electric system serving the building, a new owner can bill tenants back for utilities to reduce operating costs. Adding mini splits to the remaining units and putting the 4th floor space to use could increase income further. Income and expense information is available. Whether you are an investor or an owner user looking for downtown space, this one is worth a close look.