Bought with Jane Sonntag • Berkley & Veller Greenwood Country
$487,500
$569,500
14.4%For more information regarding the value of a property, please contact us for a free consultation.
4,774 SqFt
SOLD DATE : 06/24/2015
Key Details
Sold Price $487,500
Property Type Commercial
Sub Type Business,Hospitality
Listing Status Sold
Purchase Type For Sale
Square Footage 4,774 sqft
Price per Sqft $102
MLS Listing ID 4314878
Sold Date 06/24/15
Construction Status Existing
Year Built 1957
Annual Tax Amount $6,258
Tax Year 2015
Property Sub-Type Business,Hospitality
Property Description
On 4 acres, back and above the highway, this well known motel has a great business and large owners' quarters. It has evolved to being mostly rented by the week with very little turnover. For the last 2 years it's averaged about 92% occupancy. This lucrative home and business also means the owner only spends about 10 hours a week actually running the business. It's perfect for and owner occupied business or an investor could put a manager in place in exchange for management and the housing. This evolved motel provides a much needed service for long term guests looking to simplify their lives with refrigerators, microwaves, utilities, WiFi, cable TV and local/long distance phone included in the price. The owners' quarters includes a large lobby with front desk and fireplace, eat-in kitchen, living room, 2 bedrooms, full tiled bathroom, laundry and spa room with hot tub, shop and garage. This lucrative business last year grossed over $136k with an NOI of over $95k.
Location
State VT
County Vt-windham
Area Vt-Windham
Zoning Brattleboro
Rooms
Basement Crawl Space, Partial
Interior
Flooring Carpet, Vinyl
Exterior
Parking Features Parking Spaces 11 - 20, Parking Spaces 21+
Garage Description Parking Spaces 11 - 20, Parking Spaces 21+
Utilities Available Cable - Available
Roof Type Membrane,Shingle
Building
Foundation Slab - Concrete
Sewer Private Available
Construction Status Existing
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