List Price: $2,099,000 | $216 per sq.ft. Commercial
Space type Business w/ Real Estate,Food Service,Historic Building,Lodging
Price Change! Reduced by $296,000 down 14% on October 10th 2024
Date Listed Sunday Jul 28, 2024 | MLS# 5007077
Space type Business w/ Real Estate,Food Service,Historic Building,Lodging
Price Change! Reduced by $296,000 down 14% on October 10th 2024
Date Listed Sunday Jul 28, 2024 | MLS# 5007077
The Landgrove Inn
Over 23 acres
Reception Office
InView Center for the Arts
Deluxe Guest Room with balcony
Guest Room balcony
Lounge off Dining Room
Dining Room - seats 50
Kitchen - partial image
Tavern - fireplace view
Tavern
Tavern Bar area
Artwork throughout corridors
Front Desk - Reception
Pickleball!
Pond area
Pool area
Pond view toward Arts Center building
Art Center building interior - 1800 sq ft
To see this Listing
Address: 132 Landgrove Road Landgrove VT
Listed by Brian Gehlich RE/MAX Four Seasons Cell: 917-538-5913
Description:
The Landgrove Inn and InView Center for the Arts is an historic, quintessential, full service country Inn set in the picturesque town of Landgrove, surrounded by the majestic Green Mountains. With over 23 acres which include the Inn, Restaurant and Tavern, Arts Center buidling, beautiful pond, and inground pool, there are numerous opportunities. Within minutes of Okemo, Bromely, Stratton and Magic ski areas as well as local cross country skiing. Summer draws guests for the beautifully lanscaped property with pool, pond, pickleball court and proximity to the Weston Theater Company and numerous lakes. The InView Center for the Arts draws over 35 groups per year with up to 15 rooms, for 5 nights with 3 meals daily, providing tremendous base business. The Arts Center building is key to this revenue stream and with over 1800 sq ft, it has potential for numerous other uses. The Inn offers 16 rooms and suites and owners quarters consisting of 3 rooms. The property has been well cared for by the current owner for over 21 years and they have increased revenues streams while reinvesting in the business including the addition of the Arts center building in 2009, new generator in 2023 and replacing the roof on half the Inn in 2022. A country gem with a solid group base revenue stream and so much potential for additional revenue growth.
Building Type : Hospitality
Misc : Additional Outbuildings | Furniture Included | Inventory Included | Smoke/Heat Detectors
Sale Includes : Additional Buildings | Equipment | Inventory | Land/Building/Business | Outbuilding
Listed by Brian Gehlich RE/MAX Four Seasons Cell: 917-538-5913
Description:
The Landgrove Inn and InView Center for the Arts is an historic, quintessential, full service country Inn set in the picturesque town of Landgrove, surrounded by the majestic Green Mountains. With over 23 acres which include the Inn, Restaurant and Tavern, Arts Center buidling, beautiful pond, and inground pool, there are numerous opportunities. Within minutes of Okemo, Bromely, Stratton and Magic ski areas as well as local cross country skiing. Summer draws guests for the beautifully lanscaped property with pool, pond, pickleball court and proximity to the Weston Theater Company and numerous lakes. The InView Center for the Arts draws over 35 groups per year with up to 15 rooms, for 5 nights with 3 meals daily, providing tremendous base business. The Arts Center building is key to this revenue stream and with over 1800 sq ft, it has potential for numerous other uses. The Inn offers 16 rooms and suites and owners quarters consisting of 3 rooms. The property has been well cared for by the current owner for over 21 years and they have increased revenues streams while reinvesting in the business including the addition of the Arts center building in 2009, new generator in 2023 and replacing the roof on half the Inn in 2022. A country gem with a solid group base revenue stream and so much potential for additional revenue growth.
Building Type : Hospitality
Misc : Additional Outbuildings | Furniture Included | Inventory Included | Smoke/Heat Detectors
Sale Includes : Additional Buildings | Equipment | Inventory | Land/Building/Business | Outbuilding
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1810
Price Per SQ.FT. 215.72 No. of Units: 19
Building Size : 9730
Building Type: Hospitality
Year Built: 1810
Price Per SQ.FT. 215.72 No. of Units: 19
Building Size : 9730
Building Type: Hospitality
ExteriorRoof: Metal | Shingle - Asphalt
InteriorBasement: Concrete Floor | Dirt Floor | Full | Partially Finished | Stairs - Interior | Sump Pump
Land Information
Lot size: 23.7 acres
Zoned: Res-Grandfathered
Road Frontage: 294
Garage And Parking: Driveway | Parking Spaces 21+
Road Frontage: 294
No. of Docks | 0.
UtilitiesHeating: Baseboard | Blowers | Electric | Forced Air | Multi Zone | Stove - Gas | Stove - Pellet | Propane | Multi Fuel | Oil | Pellet Stove | Mini Split
Cooling: Multi Zone | Wall AC Units | Mini Split
Electric: 200 Amp | Circuit Breaker(s) | Generator
Utilities: Gas - LP/Bottle | Satellite | Telephone At Site
AC % | 0.
Additional Information
Taxes $23,138
Assesed Value Not Reported
Taxes $23,138
Assesed Value Not Reported
Schools
