Property Details
Basic Information
- Property Type: Commercial Sale
- MLS Number: 4871844
- List Price: $1,370,000
- Date Listed: 07/13/2021
- 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
Building
- Acreage: 0.3
- Square Feet: 5,188
- Year Built: 1803
- Zoning: Village Res-Commercial
- Roof: Slate
- Foundation: Slab - Concrete, Stone
Location
- County: Addison
- Town: Middlebury
Finance
- Taxes: $22,182.3
Interior Features
Basement
- Basement: Finished
Community
Amenities
- Other Amenities: Basement