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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755


$1,374,000

MLS# 5062511
Under Contract 10398 sq.ft. Bedroom | 0 Bathroom
Multi Family
78 Cream Hill Road Mendon VT
 
$1,374,000 | $132 per sq.ft. Under Contract | MLS# 5062511 A 18  Unit Multi Family Home, 78 Cream Hill Road Mendon VT With 14 - One Bedroom Units | 4 - Two Bedroom Units

Description:
There's nothing like it! This historic 1840's farmhouse-turned-inn has been hosting guests ever since its conversion in 1940. This traditionally beautiful property features 16 uniquely decorated guest suites, 50 seat restaurant with a commercial kitchen, additional outdoor patio seating, and an adjoining pub. Plus, you can live on-site in the spacious 3-bed, 2-bath inn-keeper's apartment. As for the shared common spaces, you'll find a cozy lobby with an attached split-level sun porch, in-ground seasonal pool, outdoor grill and fire pit, porch with a hot tub located off of the fitness center, an indoor steam sauna, 24/7 beverage center, game room, and library. The property currently sits on 5.1 acres and has a level lot with ample parking area. Located behind the inn is another 2.5 acre wooded/undeveloped lot that conveys with the sale. The potential for expansion is there! Already on the Alpine Pipeline, the inn is permitted for 10 ERUs, making it so you could almost double the capacity. The 16 suites are currently averaging $200 per night, making the potential estimated annual income just over $800,000 (at 70% occupancy). Operating expenses are around $200,000 thus far in 2025 with only lodging and continental breakfast being offered. This is a well-known location for weddings and retreats and could become another well-established restaurant servicing the Killington/Pico/Rutland area once again. In-person showings are by APPOINTMENT ONLY.

Annual Expenses
Taxes: $11,901
    Income

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Aluminum Siding | Vinyl Siding | Wood Siding | Exterior Color Red | Price Per SQ.FT. 132.14 | Year Built: 1840
LAND DESCRIPTION: LOT DESCRIPTION: Alternative Lots Avail | Corner | Country Setting | Level | Major Road Frontage | Mountain View | Recreational | Secluded | Ski Area | Trail/Near Trail | View | Wooded | In Town | Near Golf Course | Near Paths | Near Shopping | Near Skiing | Rural | Near Public Transportatn
Livable Space: 10398
Above Grade Sq.Ft.: 10398
Below Grade Sq.Ft.: 0
Heating: Propane | Oil | Baseboard | Heat Pump | Individual | Mini Split
Cooling: Individual | Mini Split
Electric: 200+ Amp Service | Combo | Generator
Style: Farmhouse
Roof: Shingle | Asphalt Shingle
Water: Drilled Well | Private
Sewer: Public
Lot size: 5.1 acres
Zoned: COMM
Surveyed: Unk
Flood Zone: No
Seasonal: No
Road Frontage: 530
Driveway: Gravel

ADDITIONAL INFORMATION
Docs Available : Certificate of Compliance | Deed | Property Disclosure
Taxes $11,901  | Assesed Value $0 in
SCHOOLS
15 Buck Rd. Hanover, NH 03755 603-643-3942

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