91 ROUTE 103S Ludlow, VT 05149 | Commercial Sale | Hospitality

$695,000

Closed
Get Flood Insurance Quote
Map
Save to Collection
0
6489 sqft.
Mary W. Davis Realtor & Assoc., Inc. Logo
Listing Courtesy of
Mary W. Davis Realtor & Assoc., Inc.

Description

Prime business opportunity in Ludlow, VT, home of Okemo Mountain Resort. Successful, profitable restaurant (real estate, business and fully furnished, including appliances) is currently being offered for sale. Over 6,000 square feet of open space, plus lounge with sit down bar, and multiple kitchen spaces allow for capturing a significant volume of high traffic to this very busy business. Or purchase the real estate and put your creative mark on it for a retail business. Exceptional visibility, abundant parking, and seating for over 200 guests make this a rare opportunity for the next eager entrepreneur. Located at the entrance to the beautiful ski town of Ludlow, tourists and locals enjoy the character, charm and curb appeal of the 4.1 +/- acre property. Options for diversification include room for a retail space on the main level and office space with extra storage on the second floor. Assets include updates in 2018: New Hot Water Heater - Walk-In Compressor - $25,000 "Gold Dust" Sign - Updated Floor Under Top-of-the-Line Salad Bar - Dry Age Locker - Security Camera System - State of the Art Hood System ($48,000) - Bar Beer Tap System - Grease Trap - The exterior of the building was resided five years ago with cement shingles and the interior has multiple A/C units throughout. Why lease when you can purchase this exceptional prime real estate? Endless possibilities: country store, sports shop, office space, or keep it a positive cash flow restaurant!

Property Details

List Price $695,000 Sold Price $695,000 List Date 2021-08-09 Sold Date 2022-06-03 MLS ID 4876688 Status Closed Property Type Commercial Sale Business Type Hospitality County VT-Windsor Days on Market 177

structure

basement No Total Baths 0 building area total 6489.0 building area units Square Feet cooling Wall AC Units foundation details Slab - Concrete heating Air to Air Heat Exchanger, Hot Water living area 6489.0 living area units Square Feet Parking Features On-Site, Paved roof Standing Seam year built 1983

characteristics

current use Business Only, Business w/ Real Estate, Church, Convenience Store, Country Store, Food Service, Free Standing Building, Light Manufacturing, Office Bu lding, Other, Storefront; Acres 4 lot size area 4.1 Lot SqFt 178596.0

tax

tax annual amount 10022.68 tax year 2021 zoning Commercial

contract

foreclosure y n No

compensation

Buyer Agency Comp. 1 Buyer Agency Comp. Type % Non-Rep Comp. 3.5 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 1:17:55 AM (UTC)