Richford, VT 05476,14 Province ST
Listed by Shawn Cheney • EXP Realty
Bought with Shawn Cheney • EXP Realty

$350,000

Est. payment /mo

$349,900

Est.Price: ?

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14 Province ST Richford, VT 05476

9,976 SqFt

SOLD DATE : 10/26/2018

Key Details

Sold Price $350,000

Property Type Commercial

Sub Type Business,Hospitality,Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,976 sqft

Price per Sqft $35

MLS Listing ID 4702570

Sold Date 10/26/18

Year Built 1900

Annual Tax Amount $11,330

Tax Year 2017

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Business,Hospitality,Multi-Family

Property Description

Opportunity knocks! Are you looking to step out big and own your own restaurant building and business with catering / banquet hall, 9 monthly residential rental units, and a 5 room motel. Well here you go! The sale includes a fully running restaurant & bar with seating for 140 that has the ability to expand with the catering and a 2 room 5400 sf banquet hall. The business has been owned by the same owners for decades who are willing to say on and train a new owner. The restaurant is fully staffed and operating and the existing staff wants to stay on. The banquet hall has a separate bar and can be split for smaller functions or for seating up to 299 and has everything you need to accommodate weddings and large functions on or offsite. The banquet hall has additional outdoor seating and all the tables and chairs, place setting, serving pans, and everything it takes to make it all happen. Upstairs they have 9 rental studio suits that rent for $600 a month and across the street there are 5 motel rooms for nightly and weekly rentals at $65 a night. This complete operation averages over $725,000 a year in gross revenue but has huge potential for more income through the banquet hall. A stronger online presence for the motel and catering could change the income as these owners have focused on the restaurant. Some studio suites connect and could be modified for an owner to live onsite. A cold storage 24x20 Quonset hut is included. OWNER FINANCING opportunities to a qualified buyer.

Location

State VT

County Vt-franklin

Area Vt-Franklin

Zoning Commercial

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - LP/Bottle, Oil

Cooling Central AC, Wall AC Units

Equipment Central Vacuum, Other, Sprinkler System

Exterior

Exterior Feature Vinyl

Parking Features Off Street, On Street, Paved, Visitor

Garage Description Off Street, On Street, Paved, Visitor

Building

Lot Description Neighbor Business

Foundation Slab - Concrete, Stone

Sewer Metered, Public

Water Metered, Public

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PrimeMLS
Corina Cisneros

Corina Cisneros

Broker Associate/ Owner | License ID: 069247

+1(603) 273-6160

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