138 Cross Street Brighton, VT
$775,000
Acres 1.00
Description
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.
Listed by Jim Campbell Real Estate, Ryan Pronto & Luke Sykes
Details
MLS 4990268
Price $775,000
Status Active
DOM 252 days
Type Commercial
Lot Size 1.00 acres
Year Built 1866
Taxes Paid $8,307
Lot & Building Features
Utilities Cable - At Site, Gas - LP/Bottle
Construction Vinyl Siding, Wood Siding, Wood Frame
Cooling Mini Split, Wall AC Units
Heating Baseboard, Wall Units, Propane, Oil, Hot Water
Parking Description Leased, Unpaved, Unassigned, Parking Spaces 21+, On-Site, On Street
Sewer Public
Tax Year 2024
Taxes Paid $8,307
Water Public
Basement Description Bulkhead, Unfinished, Stairs - Interior, Partial, Exterior Access, Concrete Floor
Foundation Concrete, Stone, Granite
Lot Description City Lot, Trail/Near Trail, Street Lights, River Frontage, River, Near Snowmobile Trails, Near ATV Trails, Mountain View, Major Road Frontage, Lake View, In Town
Roof Shingle - Architectural
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.