Bought with Frank Provance • Diamond Realty
$695,000
$695,000
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91 Route 103S Ludlow, VT 05149
6,489 SqFt
Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
Square Footage 6,489 sqft
Price per Sqft $107
MLS Listing ID 4876688
Sold Date 06/03/22
Year Built 1983
Annual Tax Amount $10,022
Tax Year 2021
Lot Size 4.100 Acres
Acres 4.1
Property Description
Prime business opportunity in Ludlow, VT, home of Okemo Mountain Resort. Successful, profitable restaurant (real estate, business and fully furnished, including appliances) is currently being offered for sale. Over 6,000 square feet of open space, plus lounge with sit down bar, and multiple kitchen spaces allow for capturing a significant volume of high traffic to this very busy business. Or purchase the real estate and put your creative mark on it for a retail business. Exceptional visibility, abundant parking, and seating for over 200 guests make this a rare opportunity for the next eager entrepreneur. Located at the entrance to the beautiful ski town of Ludlow, tourists and locals enjoy the character, charm and curb appeal of the 4.1 +/- acre property. Options for diversification include room for a retail space on the main level and office space with extra storage on the second floor. Assets include updates in 2018: New Hot Water Heater - Walk-In Compressor - $25,000 "Gold Dust" Sign - Updated Floor Under Top-of-the-Line Salad Bar - Dry Age Locker - Security Camera System - State of the Art Hood System ($48,000) - Bar Beer Tap System - Grease Trap - The exterior of the building was resided five years ago with cement shingles and the interior has multiple A/C units throughout. Why lease when you can purchase this exceptional prime real estate? Endless possibilities: country store, sports shop, office space, or keep it a positive cash flow restaurant!
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning Commercial
Interior
Heating Gas - LP/Bottle
Cooling Wall AC Units
Equipment CO Detector, Smoke Detector, Air Conditioner
Exterior
Exterior Feature Cement, Shake
Garage On-Site, Paved
Garage Description On-Site, Paved
Utilities Available Cable - At Site, Telephone Available
Roof Type Standing Seam
Building
Lot Description Level, Major Road Frontage, River, Ski Area
Foundation Slab - Concrete
Sewer Public
Water Public
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