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94 West Main Street, Vergennes, VT 05491

$1,549,000
Commercial Property MLS# 4246144 ID: 32315757
$1,549,000 Get Rates

Commercial Sale - Vergennes, VT
Income $381,239 for 2016, Occupancy 48.05% Great Financing Available. Interest rate 4.25%, 15% down, 5% working capital . See virtual tour. Strong House Inn 4.9 acres, highly traveled RT 22A & has 14 Suite/Guest Rooms, 18 bathrooms, 2 dining rooms, library, Great room, Conference center. 2 owner's quarters: living, dining, bedroom room, spa bathroom, & large second story deck with staircase. The main house attic has been converted to a space for family or staff with living room, bathroom, 2 bedrooms & bathroom. Inn is licensed for 30 guests and 30 guests in the restaurant. It is also approved for private party functions up to 50 people. It has a full liquor, beer and wine license. There are 3 fire places in the main house and 3 fireplace in Rabbit Ridge building built in 1998. All heating and air conditioning systems are newly installed or have been updated. Over the last 3 years it has had an excellent NOI & is offered at a 10.5 CAP Rate. No deferred maintenance. Room rates between $120 & $350. Reservations up 16% in 2016

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Location Information near 94 West Main Street
Offered by John Nelson at Four Seasons Sotheby's Int'l Realty

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Property Features for 94 West Main Street
Status
Market Status
Available
Last Updated
August 17, 2017
Description
Property Type
Commercial Property
Year Built
1834
Approx. Lot Size
4.90 Acres

Building Features

  • Basement
  • Heating System: Baseboard; Hot Water
  • Roof: Slate
  • Central Air
  • Heating Fuel: Natural Gas; Oil

Exterior Features

  • Exterior Construction: Wood Siding
  • Garage
  • Parking: Paved or Surfaced; 4 spaces

Interior Features

  • Floors: Carpet; Hardwood

Legal/Financial

  • Taxes: 34020.94 (2012)

Listing Features

  • Property Type: Commercial; Commercial Sale

Data Provided by Northern New England Real Estate Network

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More information about this $1,549,000 Commercial Property at 94 West Main Street

This $1,549,000 Commercial Property at 94 West Main Street in Vergennes, VT is presented by John Nelson. This $1,549,000 Commercial Property, located in the 05491 zip code, has the following property features: Property Type, Parking, Floors, Roof. This 94 West Main Street Commercial Property, located in Addison County , is listed under MLS listing number 4246144 and has a listing price of $1,549,000. You can find more VERGENNES homes for sale here.