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

$2,099,000

Price Change! reduced by $296,000 on October 10th 2024
MLS# 5007077
sq.ft. Bedroom | 0 Bathroom
Commercial
132 Landgrove Road Landgrove VT
on Utley Brook 		 
Price Change! reduced by $296,000 on October 10th 2024
$2,099,000 | $216 per sq.ft. Commercial Property, 132 Landgrove Road Landgrove VT | Space type Business w/ Real Estate,Food Service,Historic Building,Lodging
on Utley Brook MLS# 5007077

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
Signage-| Adequate
Price per SQFT | 215.72 Net Income| 0
Management Expense-| $0
Insurance Expense -| $0

FEATURES AND DETAILS
| Price Per SQ.FT. 215.72 | Year Built: 1810
No. of Units-| 19
Building Size | 9730
Basement: Concrete Floor | Dirt Floor | Full | Partially Finished | Stairs - Interior | Sump Pump
Building Type: Hospitality
Roof: Metal | Shingle - Asphalt
Garage And Parking: Driveway | Parking Spaces 21+
Road Frontage: 294
Heating: 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
No. of Docks | 0.
No. of Drive Doors | 9730.
LAND INFORMATION
 
ADDITIONAL INFORMATION
Lot size: 23.7 acres
Zoned: Res-Grandfathered
Road Frontage: 294
 Taxes $23,138  | Assesed Value $0 in
  • The Landgrove Inn 21852229 The Landgrove Inn
  • 21852228
  • Over 23 acres 21852230 Over 23 acres
  • 21852231
  • 21854937
  • 21852667
  • 21852668
  • 21852669
  • Reception Office 21852670 Reception Office
  • InView Center for the Arts 21852232 InView Center for the Arts
  • Deluxe Guest Room with balcony 21852709 Deluxe Guest Room with balcony
  • 21852710
  • 21852723
  • 21852725
  • 21852726
  • 21852729
  • Guest Room balcony 21852730 Guest Room balcony
  • 21852732
  • 21852733
  • 21852740
  • 21852741
  • 21852758
  • 21852761
  • 21852762
  • 21852794
  • Lounge off Dining Room 21852799 Lounge off Dining Room
  • Dining Room - seats 50 21852802 Dining Room - seats 50
  • 21852801
  • Kitchen - partial image 21852847 Kitchen - partial image
  • Tavern - fireplace view 21854808 Tavern - fireplace view
  • Tavern 21854812 Tavern
  • Tavern Bar area 21854816 Tavern Bar area
  • Artwork throughout corridors 21854818 Artwork throughout corridors
  • Front Desk - Reception 21854819 Front Desk - Reception
  • Pickleball! 21854846 Pickleball!
  • Pond area 21854865 Pond area
  • Pool area 21867187 Pool area
  • Pond view toward Arts Center building 21854879 Pond view toward Arts Center building
  • Art Center building interior - 1800 sq ft 21854946 Art Center building interior - 1800 sq ft
  • 21854963
15 Buck Rd. Hanover, NH 03755 603-643-3942

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