94 West Main Street Vergennes, VT 05491
$1,549,000

  • 94 West Main Street
  • 94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000
    94 West Main Street Vergennes, VT 05491 by Four Seasons SIR $1,549,000

     

    Acreage: 4.9

    Year Built: 1834

    Square Feet: 0

    Units: 0

    MLS #: 4246144

    Terminated

    Property Description

    Income $381,239 for 2016, Occupancy 48.05% Great Financing Available. Interest rate 4.25%, 15% down, 5% working capital . See virtual tour. Strong House Inn 4.9 acres, highly traveled RT 22A & has 14 Suite/Guest Rooms, 18 bathrooms, 2 dining rooms, library, Great room, Conference center. 2 owner's quarters: living, dining, bedroom room, spa bathroom, & large second story deck with staircase. The main house attic has been converted to a space for family or staff with living room, bathroom, 2 bedrooms & bathroom. Inn is licensed for 30 guests and 30 guests in the restaurant. It is also approved for private party functions up to 50 people. It has a full liquor, beer and wine license. There are 3 fire places in the main house and 3 fireplace in Rabbit Ridge building built in 1998. All heating and air conditioning systems are newly installed or have been updated. Over the last 3 years it has had an excellent NOI & is offered at a 10.5 CAP Rate. No deferred maintenance. Room rates between $120 & $350. Reservations up 16% in 2016

    Property

    • Property Type: Commercial Sale
    • Type: Business, Hospitality
    • Type Use: Bed/Breakfast, Lodging
    • Acreage: 4.9
    • Zoning: Res/comm
    • Road Frontage: 341
    • Signage: Adequate
    • Lot:
    • Lot SqFt: 213,444
    • Roads:

    Location

    • State: VT
    • Street: West Main Street
    • Building Number:
    • Zip Code: 05491
    • County: VT-Addison
    • Town: Vergennes

    Building

    • Building SqFt: 0
    • Available SqFt: 0
    • Total SqFt: 0
    • Foundation: Fieldstone
    • Construction: Wood Frame
    • Year Built: 1834
    • Units: 0

    Utilities

    • Heating: Baseboard, Hot Water
    • Cooling: Central AC
    • Services: DSL - Available

    Exterior

    • Roof: Shingle, Slate
    • Exterior: Wood Siding
    • Parking: Garage, Parking Spaces 21+, Paved

    Amenities

    • Accessibility Features: Access Parking, Paved Parking
    • Commercial Features: Additional Outbuildings, Fire System, Furniture Included, Inventory Included, Phone System, Public Restrooms, Showers, Smoke/Heat Detectors

    Legal

    • Taxes: $34,021
    • Date Showings Begin:
    • Delayed Showing: No

    The New England Real Estate Network provides Multiple Listing Services (MLS) in the States of New Hampshire, Vermont, Massachusetts and Maine.

    Copyright© 2017 The New England Real Estate Network. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate displayed on this 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 on 12/14/2017.

    Property Presented By

    John Nelson
    John Nelson

    Four Seasons Sotheby's International Realty

    Middlebury, VT

    Direct: (802) 385-1113

    Market conditions

    Median sale price

    $265,000 DOWN -13.25% vs. month ago

    Homes for sale

    0 No Change vs. month ago

    Homes sold

    5 DOWN -44.44% vs. month ago

    Average days on market

    152 DOWN -65.68% vs. month ago