Bought with Julie Citron • RE/MAX Four Seasons
$275,000
$300,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
5,033 SqFt
SOLD DATE : 04/05/2021
Key Details
Sold Price $275,000
Property Type Commercial
Sub Type Business,Hospitality,Investment,Multi-Family,Opportunity,Other,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,033 sqft
Price per Sqft $54
MLS Listing ID 4817415
Sold Date 04/05/21
Year Built 1920
Annual Tax Amount $8,310
Tax Year 2019
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Business,Hospitality,Investment,Multi-Family,Opportunity,Other,Retail
Property Description
The Cutleaf Maples Motel has been a family business since 1910. Well maintained and tastefully renovated 6 bedroom inn plus 8 room motel are the perfect package for a live in business. Spacious owners quarters and plenty of room for on site management. The tastefully decorated inn features a large community room, grand entry with hardwood floors, reception area with beautiful staircase, living and dining rooms with decorative moldings, and a large kitchen with Garland antique stove. The rare heart pine wood in the living and dining rooms is very valuable. Exterior painted, new chimney, new gutters, and some new windows since 2016. Many rooms have bathtubs along with a jetted tub in the master suite. All rooms are in very good condition. The motel is home to many long term tenants and is constantly rented on a weekly or monthly basis. One could do nightly rentals as well. Convenient location part way between Manchester and Bennington - close to skiing, golf, and other tourist spots. Can remain a motel or be used as a B & B, retail, or other type of business. The inn has had many famous and notable visitors over the years including Joe Biden and The Shirelles. The motel has hosted many large gatherings for ski clubs, scouts, and other organizations. Current owner is willing to stay on to mentor someone new in the business. Easy financing as owners can supply tax returns to show a profitable business. A family business for generations - current owner is looking to retire.
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning Commercial
Rooms
Basement Entrance Interior
Basement Concrete Floor, Full, Gravel, Stairs - Interior, Storage Space, Unfinished, Interior Access
Exterior
Exterior Feature Vinyl Siding
Parking Features Driveway, Off Street, On-Site, Parking Spaces 11 - 20
Garage Description Driveway, Off Street, On-Site, Parking Spaces 11 - 20
Utilities Available Cable, High Speed Intrnt -Avail, Telephone At Site
Roof Type Shingle - Asphalt,Slate
Building
Lot Description Country Setting, Level, Major Road Frontage, Open, Wooded
Foundation Concrete, Stone w/ Skim Coating
Sewer Public
Water Public
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