List Price: $1,350,000 | $222 per sq.ft. Commercial
Space type
Price Change! Reduced by $340,000 down 25% on November 1st 2025
Governor's inn subdivision,
Date Listed Friday Oct 11, 2024 | MLS# 5018273
Space type
Price Change! Reduced by $340,000 down 25% on November 1st 2025
Governor's inn subdivision,
Date Listed Friday Oct 11, 2024 | MLS# 5018273
looking towards Main St
Main St
Okemo trail head
Buttermilk Falls
Echo Lake boat launch
Echo Lake
Friday night concert
Inn flower gardens
Farmers market
Dawn grooming Okemo
To see this Listing
Address: 86 Main Street Ludlow VT
Listed by John Napier TPW Real Estate
Description:
Turnkey Village Inn and Restaurant in the heart of Ludlow, Vt. only steps to Okemo Mountain Ski Resort. This fully furnished and equipped property includes 9 guest rooms with private baths, a 2 bedroom, 2 bathroom owner's apartment, and a former wine bar/restaurant space ready to relaunch with all FF&E included. Historic charm throughout, wood floors, fireplaces, and original detail-paired with numerous renovations and upgrades, and strong income potential. Walkable to shops, dinning and the Okemo shuttles. Flexible village center zoning supports a range of commercial or residential uses. The proximity of the Governor's Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. This is not just a winter ski inn, the Governor's Inn operates year-round, generating consistent revenue across all four seasons. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October. The top 4 income producing months are October, September, August and February, in that order. A great opportunity to own a move in ready, income-generating property in one of Vermont's most desirable ski towns.
Sale Includes : Land/Building/Business
Listed by John Napier TPW Real Estate
Description:
Turnkey Village Inn and Restaurant in the heart of Ludlow, Vt. only steps to Okemo Mountain Ski Resort. This fully furnished and equipped property includes 9 guest rooms with private baths, a 2 bedroom, 2 bathroom owner's apartment, and a former wine bar/restaurant space ready to relaunch with all FF&E included. Historic charm throughout, wood floors, fireplaces, and original detail-paired with numerous renovations and upgrades, and strong income potential. Walkable to shops, dinning and the Okemo shuttles. Flexible village center zoning supports a range of commercial or residential uses. The proximity of the Governor's Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. This is not just a winter ski inn, the Governor's Inn operates year-round, generating consistent revenue across all four seasons. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October. The top 4 income producing months are October, September, August and February, in that order. A great opportunity to own a move in ready, income-generating property in one of Vermont's most desirable ski towns.
Sale Includes : Land/Building/Business
Features
Signage: Adequate
Rail Service: N
Transport Info: City Street | Paved
Signage: Adequate
Rail Service: N
Transport Info: City Street | Paved
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1890
Wood Frame | Clapboard Exterior
Price Per SQ.FT. 222.44 No. of Units: 9
Building Size : 6069
Available SQFT : 9109
Divisable SQFT : No
Year Built: 1890
Wood Frame | Clapboard Exterior
Price Per SQ.FT. 222.44 No. of Units: 9
Building Size : 6069
Available SQFT : 9109
Divisable SQFT : No
ExteriorRoof: Metal | Asphalt Shingle | Slate
InteriorBasement: Concrete Floor | Partially Finished | Interior Stairs | Walkout | Interior Access | Exterior Access
Sprinkler: Wet.
Land Information
Lot size: 0.44 acres
Zoned: village
Surveyed: Yes
SurveyedBy: Nowlan Engineer
Flood Zone: Yes
Road Frontage: 105
Road Frontage: 105
No. of Docks | 0.
UtilitiesHeating: Baseboard | Electric | Floor Furnace | Oil | Mini Split
Cooling: Mini Split
Electric: 200+ Amp Service | 3 Phase | Circuit Breaker(s)
Utilities: Other
AC % | 0.
Additional Information
Docs Available : Deed | Tax Map
Easement - Yes
ROW Length: 185'
ROW Width: 2'
Row For Other Parcel: N
Taxes $14,079
Assesed Value Not Reported
Docs Available : Deed | Tax Map
Easement - Yes
ROW Length: 185'
ROW Width: 2'
Row For Other Parcel: N
Taxes $14,079
Assesed Value Not Reported
Schools
