Description
Profitable multi-use real estate investment opportunity within Vermonts Mad River Valley located by Sugarbush Ski Resort. This 2.5-acre parcel consists of three separate buildings. The restaurant building was completely remodeled in July 2008 and includes a 95-seat restaurant, large commercial kitchen, great bar area, breathtaking stone wood-burning pizza oven, office/storage space. It could continue as a restaurant or repurposed to become a special events center with rehearsal dinners/weddings, live music venue, a catering business model or commercial space. However, the building also lends itself perfectly to be converted into much desired residential housing. Initial permitting discussions commenced with the Town of Warren DRB over the past year for a building conversion into a single-family dwelling or boarding house concept. The second structure comprises a 4-unit apartment building which includes (3) one-bedroom units and (1) three-bedroom unit. Apartment renovations and upgrades have been ongoing over the past 2 years. The third building is a 2-bedroom ranch that includes (2) bathrooms. Please note, the detail content of this listing refers to the restaurant building primarily. Square footage & general information on the 4-unit apartment building & 2-bedroom ranch is available. This is an ideal investment opportunity for a ski club, developer or interested party looking for real estate rental income.
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8BEDS
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2.5ACRES
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6BATHS
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01/2 BATHS
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4,300SQFT
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$203$/SQFT
School Information
Description
Profitable multi-use real estate investment opportunity within Vermonts Mad River Valley located by Sugarbush Ski Resort. This 2.5-acre parcel consists of three separate buildings. The restaurant building was completely remodeled in July 2008 and includes a 95-seat restaurant, large commercial kitchen, great bar area, breathtaking stone wood-burning pizza oven, office/storage space. It could continue as a restaurant or repurposed to become a special events center with rehearsal dinners/weddings, live music venue, a catering business model or commercial space. However, the building also lends itself perfectly to be converted into much desired residential housing. Initial permitting discussions commenced with the Town of Warren DRB over the past year for a building conversion into a single-family dwelling or boarding house concept. The second structure comprises a 4-unit apartment building which includes (3) one-bedroom units and (1) three-bedroom unit. Apartment renovations and upgrades have been ongoing over the past 2 years. The third building is a 2-bedroom ranch that includes (2) bathrooms. Please note, the detail content of this listing refers to the restaurant building primarily. Square footage & general information on the 4-unit apartment building & 2-bedroom ranch is available. This is an ideal investment opportunity for a ski club, developer or interested party looking for real estate rental income.
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Courtesy of Derek Greene of Derek Greene: [IDXCONTACTINFORMATION].