Bought with Scott Mcchesney • McChesney RE, Inc.
$650,000
$749,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
5,000 SqFt
SOLD DATE : 07/24/2023
Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $130
MLS Listing ID 4877774
Sold Date 07/24/23
Year Built 1900
Annual Tax Amount $5,253
Tax Year 2021
Lot Size 2.000 Acres
Acres 2.0
Property Description
Established in 1972 from an 1800’s barn, this impressive +/-5,000SF Timber frame restaurant has grown into a thriving business and destination. The unique and ideally configured 100+ seat restaurant lends itself beautifully to large or smaller private parties/gatherings with 4 separate dining areas. 1) Main Dining room (36+ seat/1,400SF) with soaring cathedral ceilings, a massive stone fireplace and huge windows looking down the Mettowee Valley. 2) Loft - open to/overlooking the main dining room - (400SF/ 25+ seats) 3) Tavern (30+ seat/850SF) with stone fireplace, performance platform for live music and 4) Seasonal Porch (20+ seat/360SF) accessed from the Tavern with steps to lawn/garden area and views down the Mettowee Valley. The current owners/operators have made many substantial improvements over their 20+ years of ownership. Including but not limited to new heating system(2 new boilers 2021), 5 split unit heat/AC pumps, installed an engineered/state approved septic, kitchen addition (over 600SF kitchen space), w/ 130SF walk-in cooler space, and all updated well maintained equipment. Architecturally&aesthetically pleasing, this "quintessential Vermont” Restaurant is truly a magnificent property. And the business is impressive as well with strong figures and continued growth and profitability! In 2019, the Gross revenue was close to $1,000,000 with over 30,000 meals served! And currently, revenue and profitability have both increased since then with fewer operating hours.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Vill Comm
Rooms
Basement Entrance Walkout
Basement Concrete, Concrete Floor, Full, Insulated, Partial, Slab, Storage Space, Unfinished, Walkout, Exterior Access
Interior
Heating Gas - LP/Bottle
Cooling Mini Split
Exterior
Exterior Feature Vertical, Wood
Garage Driveway, Off Street, On-Site, Parking Spaces 21+, Unpaved
Garage Description Driveway, Off Street, On-Site, Parking Spaces 21+, Unpaved
Utilities Available Gas - LP/Bottle, High Speed Intrnt -AtSite, Internet - Fiber Optic
Roof Type Metal,Slate
Building
Lot Description Country Setting, Level, Major Road Frontage, Mountain View, Open, Slight, View
Foundation Poured Concrete, Slab - Concrete
Sewer Leach Field, Leach Field - On-Site, On-Site Septic Exists, Septic Design Available, Septic
Water Drilled Well
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "