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Courtesy of Gary Gosselin of The Hearthside Group.

Description

A complete marketing package for The Inn On The Green is available. ***Buyers need to provide financial qualifications prior to receiving financial information or arranging an in-person showing*** There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the owner. In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018. The business has done extremely well despite COVID and has made a very successful transition to a "Simple, Comfortable & Independent" way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule. Well-trained staff is present each morning & supports the guest's experience with housekeeping, breakfast options, and availability at all times via text messaging. Occupancies surpassed 55% in '19 and remained strong in '20/COVID with a 43.7% rate & 42% YTD through July '21. The business is poised to return to pre-COVID levels and more as '21 progresses. While there are no owner's quarters on-site, there is a State permit for converting 3rd floor. Impressive financials & prime location = Amazing Opportunity

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-08-05T22:05:44.293.
www.livingvermont.com/homes/119250681
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71 South Pleasant Street Middlebury, VT 05753

  • Price: $1,370,000
  • Status: Pending
  • Updated: 52 min ago
  • MLS #: 4871844
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1803
Built
Neighborhood:
Middlebury
County:
Addison
Area:
Middlebury
Property Description
A complete marketing package for The Inn On The Green is available. ***Buyers need to provide financial qualifications prior to receiving financial information or arranging an in-person showing*** There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the owner. In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018. The business has done extremely well despite COVID and has made a very successful transition to a "Simple, Comfortable & Independent" way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule. Well-trained staff is present each morning & supports the guest's experience with housekeeping, breakfast options, and availability at all times via text messaging. Occupancies surpassed 55% in '19 and remained strong in '20/COVID with a 43.7% rate & 42% YTD through July '21. The business is poised to return to pre-COVID levels and more as '21 progresses. While there are no owner's quarters on-site, there is a State permit for converting 3rd floor. Impressive financials & prime location = Amazing Opportunity
Exterior Features

Exterior Shingle Parking Off StreetPaved Road Frontage Yes Road Frontage Length 172 Roof Slate

Interior Features

Basement Yes Basement Access Type Interior Basement Description Finished Cooling Wall Ac Units Foundation Slab - ConcreteStone Heating Gas Heater Sq Ft Total Building 5188

Property Features

Electric 200 Amp Green Verification Status Official Green Verification Year 2019 Heat Fuel Gas - Natural Items Excluded An Exclusion List Will Be Provided Natural Gas Available Yes Pre Construction No Sale Includes Land/Building/Business Sewer Community Span Number 387-120-12284 Sprinkler Wet Sub Property Type Hospitality Sub Property Type Use Bed/Breakfast Tax Gross Amount 22182.3 Tax Year 2021 Taxes Tbd No Utilities Cable - At SiteGas - On-Site Water Community Zoning Village Res-Commercial

Courtesy of Gary Gosselin of The Hearthside Group.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-08-05T22:05:44.293.
 
https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4871844-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4871844-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4871844-2.jpg
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RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446
Courtesy of Gary Gosselin of The Hearthside Group.