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Listed by Zachary Zupan • EXP Realty • Phone: 802-430-9929
$ 6,000,000
Est. payment | /mo
1.7 Acres Lot
$ 6,000,000
Est. payment | /mo
1.7 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5090815
Annual Tax Amount $6,347
Lot Size 1.700 Acres
Acres 1.7
Property Description
Opportunity abounds with this exceptional cash flowing fully occupied motel. Compounding the existing business bonanza is the opportunity to use the additional vacant part of the parcel to expand the business with additional living/rental units with a design for 24 more already in place. Restore the former bar and restaurant on premises to its former profitable glory and set up an RV park for low maintenance additional reliable income. The highly impressive financial statements await you. The fully operational motel enterprise has nine fully equipped studio units with kitchens (microwave, refrigerator, AC, WiFi, cable) and ten additional standard rooms. Additionally there is a newly renovated 2 bedroom owner apartment and a newly renovated manager studio with direct office access. The onsite laundry and restaurant/bar are available for reinvigoration. The town water and sewer will provide great economic development support for the pre-designed additional 24 units. With loq operating expenses and consistent repeat business, and zoning welcoming more hospitality, multifamily development and good fairground access, the entire business ecosystem is built for growth and profitability. Contact us today for access to the financials of this exciting business opportunity!
Location
State VT
County Vt-orange
Area Vt-Orange
Zoning Commercial
Interior
Inclusions Additional Buildings, Building, Equipment, Furnishings, Land/Building/Business, Outbuilding
Exterior
Utilities Available Cable, Propane
Building
Sewer Public Sewer On-Site
Nearby Locations
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Angeline Gorham
REALTOR® | Lic# NH: 059041 / MA: 9585173