71 South Pleasant StreetMiddlebury, VT 05753MLS Number 4871844

  • Price: $1,370,000
  • 14 Days on Market
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Federal 30-year interest rate: 2.78% last updated on Jul 22, 2021
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71 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 0575371 South Pleasant Street Middlebury VT 05753
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  • 0.3Acreage
  • 1803Year Built
  • 5,188Square Feet
  • ActiveMLS Status

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Listed by Gary Gosselin of The Hearthside Group
A complete marketing package for The Inn On The Green is available. ***Buyers need to provide financial qualifications prior to receiving financial information or arranging an in-person showing*** There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the owner. In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018. The business has done extremely well despite COVID and has made a very successful transition to a "Simple, Comfortable & Independent" way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule. Well-trained staff is present each morning & supports the guest's experience with housekeeping, breakfast options, and availability at all times via text messaging. Occupancies surpassed 55% in '19 and remained strong in '20/COVID with a 43.7% rate & 42% YTD through July '21. The business is poised to return to pre-COVID levels and more as '21 progresses. While there are no owner's quarters on-site, there is a State permit for converting 3rd floor. Impressive financials & prime location = Amazing Opportunity

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More Info

Basic Information

  • StatusACT
  • Modification Date07/16/2021
  • TypeHospitality
  • List Price$1,370,000
  • Broker NameThe Hearthside Group
  • Listing Agent NameGary Gosselin
  • Lister Office NameThe Hearthside Group
  • MLS Number4871844
  • MLS StatusActive

Location

  • Building Number71
  • StreetSouth Pleasant Street
  • TownMiddlebury
  • StateVT
  • Zip05753
  • CountyAddison

Exterior

  • ExteriorShingle
  • RoofSlate

Utilities

  • FuelGas - Natural
  • Heating CoolingGas Heater

Building

  • Year Built1803
  • FoundationSlab - Concrete, Stone
  • Square Feet5,188
  • BasementFinished
  • Garage Spaces

Property

  • Acreage0.3
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft13,068
  • Road Frontage172

Other

  • View Count3
Ault Commercial Realty
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
Broker Reciprocity

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 26, 2021.

 

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