Investor opportunity with tons of potential! Richfordâ??s historic â??Boright Buildingâ?? marks the northern entrance to Main Street and stands beside the beautiful Missisquoi River. The ground floorâ??s commercial units are move-in-ready, and its additional rear unit (river side) previously functioned as a studio apartment. The central entryway provides access to all floors. The lower level has its own grand entrance, as you step down from Main Street into a unique open space. This lower level has previously functioned as a bar, entertainment space, and community center. The upper two stories (above the ground floor) will need complete refurbishing, but with river views and expansive floor plans, there are worlds of potential. With town approval, these upper levels could be turned into multi-unit condos. Ideally located moments from village amenities: restaurants, grocery store, dental/medical offices, gas station, thrift shop, bank, and the Town Offices including a quaint Public Town Library. Public Town Parking is located across the street and additional parking is one block away. Two Canadian Border Crossings (Frelighsburg and Sutton-Abercorn) are both a five minute drive away. And Vermontâ??s Four-Season Vacation Resort, Jay Peak is a twenty minute drive away. The city of Burlington is a little over one hour to the south, and Montreal is only an hour and a half to the north.
1200 square foot commercial/industrial building on 1.47 acres. Inside you will find the main lobby/office area with two desks and a bathroom. To the right is the newly built two office/meeting rooms that also have a separate entrance. To the left of the main lobby is the "storage room" with separate entrance which used to be the kitchen area and could be again. This building was formerly a snack shack and has been used most recently as office space. The current owners enclosed the covered deck to create the two office/meeting rooms to the right of the main lobby. Handicap accessible ramp has been built as well to service all clients and there is also a cement pad to the right of the building that could be put to use! Owning this entire building could bring more returns than leasing office space elsewhere.
Four residential apartments on the upper level will help cover your expenses to run your business on the first floor or rehab the first floor for an additional rental space. The first floor was a store and could be a great option for retail or office space with local permitting. The property has great visibility for retail and the back of the building has great views over the Missisquoi River.
Richford is located in Vermont. Richford, Vermont has a population of 2,522. Richford is less family-centric than the surrounding county with 27.27% of the households containing married families with children. The county average for households married with children is 28.56%.
The median household income in Richford, Vermont is $52,946. The median household income for the surrounding county is $68,476 compared to the national median of $69,021. The median age of people living in Richford is 39 years.
The average high temperature in July is 80.1 degrees, with an average low temperature in January of 4.3 degrees. The average rainfall is approximately 39.8 inches per year, with 85.5 inches of snow per year.
