List Price: $2,800,000 | $288 per sq.ft. Commercial
Space type Business w/ Real Estate,Food Service,Free Standing Building,Historic Building,Lodging,Other
Date Listed Thursday Jun 22, 2023 | MLS# 4958334


Address: 132 Landgrove Road Landgrove VT
Listed by Chuck Sweetman Mary Mitchell Miller Real Estate Cell: 802-345-9054
Description:
A RARE SPECIAL OPPORTUNITY- "Charming, picturesque, dynamic, caring, and friendly"-That is the mountain town of Landgrove where the historic, beautiful and well maintained Landgrove Inn and InView Center for the Arts are located. Within minutes of 4 ski areas, this 9730 sq ft Inn is convenient for all winter activities. The spring, summer and fall have become key desired times for hiking, biking, foliage and "relaxing" enthusiasts. In 2009, the InView Center for the Arts was built adding another 1815 sq ft of valuable space. Yearly, it hosts 30-35 four day/five-night popular art workshops-With a limit of 15 per course, all stay at the Inn for lodging and meals. This dynamic adds greatly to the value, sustainability and appeal of normal Inn operations. This, along with the location and quality of the Inn, is certainly one of the factors that adds to this as a going concern of value. With 23 acres of land, a pond, and Utley Brook frontage, this must-see property is indeed special and hosts events from weddings to special family /friend celebrations to corporate retreats to outdoor clubs. The Inn has had only three owners in its long history with the present owner there for 21 years of care. Many of the 16 rental rooms have been upgraded in recent years. There is also an Innkeepers 3 room apartment. The country restaurant seats 45 plus comfortably. New generator in 2023--new roof on 1/2 of Inn in 2022-- beautiful updated pool--with pickleball courts coming! This is Vermont.
Building Type : Hospitality | Other

Equipment : CO Detector | Dehumidifier | Air Conditioner | Generator - Standby

Misc : Additional Outbuildings | Furniture Included | Inventory Included | Living Space Available | Other | Showers | Smoke/Heat Detectors | In-Unit Bathroom

Sale Includes : Additional Buildings | Barn | Equipment | Inventory | Land/Building/Business | Other | Outbuilding | Building

Features
Signage: Adequate
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1810
Insulation-FiberglssBatt | Insulation-FiberglassBlwn | Post and Beam | Timber Frame | Wood Frame | Clapboard Exterior | Wood Siding
Price Per SQ.FT. 287.77 No. of Units: 19
Building Size : 9730
Building Type: Hospitality | Other

ExteriorRoof: Metal | Shingle - Asphalt

InteriorBasement: Concrete | Concrete Floor | Dirt Floor | Finished | Full | Gravel | Partially Finished | Roughed In | Stairs - Interior | Sump Pump | Unfinished | Interior Access | Stairs - Basement

Land Information

Lot size: 23.7 acres
Zoned: Rural/Res- Grandfathered
Surveyed: Yes
SurveyedBy: Point Of Beginn
Road Frontage: 294
Garage And Parking: Driveway | On-Site | Parking Spaces 21+
Road Frontage: 294
No. of Docks | 0.

UtilitiesHeating: Baseboard | Blowers | Electric | Forced Air | Hot Water | Multi Zone | Stove - Gas | Stove - Pellet | Mini Split
Electric: 200 Amp | Circuit Breaker(s) | Generator
Utilities: DSL | Gas - LP/Bottle | Satellite | Telephone At Site
AC % | 100.

Additional Information
Taxes $21,558
Assesed Value Not Reported
Schools

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