322 River Road

Newfane, VT 05345

MLS ID# 4773192 Active
Hospitality

$1,495,000



Details for 322 River Road, Newfane VT 05345

322 River Road and the Winchester Stables sit on one of the most beautiful sites in all of Vermont. The equestrian estate, comprised of a large farmhouse, apartment, barn, stables, riding rings, pastures and river frontage, lies in the scenic West River valley. The 1860 farmhouse with its great room, living room, family room, 9 bedrooms and 8 bathrooms along with the 42,376 square foot barn consisting of 48 stalls, a large indoor riding ring, a wash room, a tack room and a break room, offers a prime opportunity for an equestrian or farming oriented bed-and-breakfast. Additional features include outdoor riding rings, 30 paddocks, pasture, extensive river frontage and ponds. The 2 bedroom apartment makes perfect staff lodging. The stunning property is just outide Newfane Village, an historic New England district and county seat. It is only minutes from I-91. NOTE: The gross income in the financials reflects estimated room income only, no stables income. The operating expenses are based on the entire property. A recent Vermont Law allows easy permitting for agricultural tourism, which would apply to hospitality related to horses or farming. Information about agri-tourism is attached in Documents. The buildings do not lie in the flood zone. All of the details in the virtual tour are not accurate, as the property has been reduced in size. A 2021 tax appeal resulted in a reduction of the assessed value to $1,519,200 and a resultant reduction in taxes. Also listed as MLS #4772993.

Features and Details

  • Category Commercial
  • Type Hospitality
  • Village/Neighborhood
  • County Windham
  • Lot Size 2360952
  • Acreage 54.2
  • MLS ID# 4773192

Annual Expenses/Income
Income: 219000
Apx Bldg SqFt
9272
Basement
Climate Controlled, Daylight, Finished, Full, Stairs - Interior, Walkout, Interior Access, Exterior Access, Yes
Construction
Wood Frame
Accessibility Features
1st Floor 1/2 Bathroom, 1st Floor Bedroom, Access Common Use Areas, Access Laundry No Steps, Access Mailboxes No Steps, Access Parking, Access Restrooms
Heating
Baseboard, Hot Water
Parking
Driveway, On-Site, Other
Elevators
1
Lot Description
Agricultural, Country Setting, Farm, Field/Pasture, Level, Mountain View, Open, Recreational, River, River Frontage, Sloping, Trail/Near Trail, View, Water View, Wooded
Operating Expense Inc
Heat, Insurance, Maintenance, Utilities
Siding
Clapboard, Wood
Equipment
CO Detector, Smoke Detector, Generator - Standby
Features
Additional Outbuildings, Elevator - Passenger, Smoke/Heat Detectors
Utilities
Satellite Internet
Natural Gas
No
Water
Drilled Well
Sewer
Septic
Zoning
Rural
Water View
Yes
Water Body
West River
Waterfront Rights
Exclusively Owned
Water Body Restrictions
No
Property Types
Hospitality
Deed
Book: 76, Page: 104
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Additional Buildings, Barn
Sale Type
Sale

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.

This listing was last updated on 7/18/2021 3:47:11 PM.