Listed by Ault Commercial Realty, Inc.
Once popular 100-seat Restaurant & Pub with distinctive 3,350 sq. ft. bldg on 1.7 acres by deed* with 385 ft frontage on VT Route 107 and 600+ ft frontage on the White River. Paved parking for 48 cars. Sale includes attractive furnishings and equipment. Closed since autumn of 2010, Sellers acknowledge they are not selling Good Will value. However, buyers should recognize asset value well above the asking price, as the Town values the real estate alone at $359,000! Named after the historic Peavine Railroad. Zoning: A pre-existing commercial use in a Rural Residential Zone, subject to Act 250 Permit #3W0196-1-4. On-site water & wastewater systems. *Note: Stated lot size was before embankment partially washed away by tropical storm Irene. Owner says bldgs not flooded. Buyer should have lot re-surveyed.