132 Landgrove Road Landgrove, VT

$2,099,000
Acres 23.70
Photo of 132 Landgrove Road Landgrove VT 05148




Description

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 buidling, 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 lanscaped 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.


Listed by RE/MAX Four Seasons, Brian Gehlich & David Citron 917-538-5913

Details

MLS 5007077
Price $2,099,000
Status Active
DOM 139 days
Type Commercial
Lot Size 23.70 acres
Year Built 1810
Taxes Paid $23,137

Lot & Building Features

Utilities Gas - LP/Bottle, Telephone At Site, Satellite
Cooling Mini Split, Wall AC Units, Multi Zone
Heating Baseboard, Stove - Pellet, Stove - Gas, Multi Zone, Mini Split, Forced Air, Electric, Blowers
Parking Description Driveway, Parking Spaces 21+
Sewer 1500+ Gallon, Septic, On-Site Septic Exists, Leach Field - Existing
Tax Year 2024
Taxes Paid $23,137
Water Drilled Well, On-Site Well Exists
Basement Description Concrete Floor, Sump Pump, Stairs - Interior, Partially Finished, Full, Dirt Floor
Lot Description Country Setting, Wooded, Stream, Pond, Open, Mountain View, Level, Landscaped
Roof Metal, Shingle - Asphalt

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Financing

$
20%
1.1023106241067%
6.75%
$
$
$
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.


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