132 Landgrove Rd - Hospitality FOR SALE


Landgrove, VT 05148
$2,099,000 USD
802-362-4067
132 Landgrove Rd, Landgrove, VT for Sale
$2,099,000 USD
Hospitality - FOR SALE
1/65
null | Request Cap Rate

132 Landgrove Rd
Landgrove, VT 05148


HIGHLIGHTS

  • Beautiful country setting
  • Arts center with strong repeat business
  • On site restaurant and tavern

OVERVIEW

The Landgrove Inn and InView Center for the Arts is an historic, quintessential, full service country Inn set in the picturesque town of Landgrove, surrounded by the majestic Green Mountains. With over 23 acres which include the Inn, Restaurant and Tavern, Arts Center building, beautiful pond, and inground pool, there are numerous opportunities. Within minutes of Okemo, Bromely, Stratton and Magic ski areas as well as local cross country skiing. Summer draws guests for the beautifully landscaped property with pool, pond, pickleball court and proximity to the Weston Theater Company and numerous lakes. The InView Center for the Arts draws over 35 groups per year with up to 15 rooms, for 5 nights with 3 meals daily, providing tremendous base business. The Arts Center building is key to this revenue stream and with over 1800 sq ft, it has potential for numerous other uses. The Inn offers 16 rooms and suites and owners quarters consisting of 3 rooms. The property has been well cared for by the current owner for over 21 years and they have increased revenues streams while reinvesting in the business including the addition of the Arts center building in 2009, new generator in 2023 and replacing the roof on half the Inn in 2022. A country gem with a solid group base revenue stream and so much potential for additional revenue growth.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$216 USD /SF

# OF ROOMS

16

PRICE/ROOM

$131,188 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Landgrove Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1810

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.7 AC

LAND SF

1,032,372 SF

ZONING

Rural/Residential

APN/PARCEL ID

(106)03-00-31

ASK ABOUT THIS PROPERTY

David CitronRE/MAX Four SeasonsMore Info
802-362-4067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David CitronRE/MAX Four SeasonsMore Info
802-362-4067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.