138 Cross St - Hospitality FOR SALE


Brighton, VT 05846
$775,000 USD
802-274-9149
138 Cross St, Brighton, VT for Sale
$775,000 USD
Hospitality - FOR SALE
1/32
null | Request Cap Rate

138 Cross St
Brighton, VT 05846


HIGHLIGHTS

  • Each of the 11 hotel rooms has been updated with new amenities while still retaining the building’s quaint, historic style.
  • This solid business has a well-established customer base and is ideally situated in a town that is truly a four-season destination for outdoor enthusi

OVERVIEW

Opportunity to own and operate a popular restaurant/inn situated in the Northeast Kingdom of VT. This historic building pays homage to its connection with the arrival of the railroad industry in the late 1800’s, as much of that antique aesthetic has been preserved during renovations. Located at 138 Cross St. in Island Pond, the Essex House and Tavern measures over 8000 square feet with a parking lot near the VAST trail system, and has been a staple to both the local community and tourists alike. The Tavern can accommodate up to 48 and features a full bar with POS system/several desktop stations, fully-equipped kitchen with 16’ vent hood, walk-in cooler, and dry/liquor storage. Attached is a dining room with dry bar, perfect for hosting events/entertainment and capable of seating an additional 65. Outside you’ll find an enclosed pavilion measuring 20’x36’ overlooking the Clyde River, serviced and utilized during all seasons by two, overhead, infrared heaters. The Essex House offers a total of eleven renovated rooms with modern amenities and multiple suites, all maintained by a team of housekeepers with a separate laundry room/facilities on-site. This is truly a turnkey operation staffed by capable and experienced employees, allowing for a smooth transition of ownership. This business enjoys a loyal customer base of boaters, snowmobile enthusiasts, seasonal visitors, and second-home owners due to its proximity to the lake, Brighton State Park, & Bluff Mountain.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

11

PRICE/ROOM

$70,455 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Essex House & Tavern

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1866

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

090-028-10324

ASK ABOUT THIS PROPERTY

Ryan ProntoJim Campbell Real EstateMore Info
802-274-9149

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Ryan ProntoJim Campbell Real EstateMore Info
802-274-9149

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