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Profitable multi-use real estate investment opportunity within Vermont's Mad River Valley located by Sugarbush Ski Resort. This 2.5-acre parcel consists of three separate buildings. The restaurant building was completely remodeled in July 2008 and includes a 95-seat restaurant, large commercial kitchen, great bar area, breathtaking stone wood-burning pizza oven, office/storage space. It could continue as a restaurant or repurposed to become a special events center with rehearsal dinners/weddings, live music venue, a catering business model or commercial space. However, the building also lends itself perfectly to be converted into much desired residential housing. Initial permitting discussions commenced with the Town of Warren DRB over the past year for a building conversion into a single-family dwelling or boarding house concept. The second structure comprises a 4-unit apartment building which includes (3) one-bedroom units and (1) three-bedroom unit. Apartment renovations and upgrades have been ongoing over the past 2 years. The third building is a 2-bedroom ranch that includes (2) bathrooms. Please note, the detail content of this listing refers to the restaurant building primarily. Square footage & general information on the 4-unit apartment building & 2-bedroom ranch is available. This is an ideal investment opportunity for a ski club, developer or interested party looking for real estate rental income.

More Info

Basic Information

  • StatusACT
  • List Price$875,000
  • MLS Number4910359
  • MLS StatusActive

Property

  • Acreage2.5
  • Parking Spaces
  • Lot DescriptionMajor Road Frontage, Neighbor Business, Wooded
  • Square Feet4,300
  • APX Fin AG Sqft4,300
  • Road Frontage300
  • RoadsDirt, Paved, Private
  • AreaMountain, Near Golf Course, Near Skiing, Neighborhood, Valley

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemEnergy Star System, Gas Heater - Vented, Hot Air, Wall Units
  • UtilitiesCable - Available, DSL - Available, Gas - LP/Bottle, High Speed Intrnt -Avail
  • WaterDrilled Well, On-Site Well Exists
  • Water HeaterElectric, Gas - LP/Bottle
  • Electric3 Phase, Circuit Breaker(s)
  • Sewer1500+ Gallon, Concrete, Leach Field - Existing, On-Site Septic Exists, Private

Location

  • TownWarren
  • StateVT
  • Zip05674
  • CountyWashington
  • ZoningRR
  • Elementary SchoolWarren Elementary School
  • Junior HighHarwood Union Middle/High
  • High SchoolHarwood Union High School
  • Flood Zone Y/NNo

Interior

  • FloorsCarpet, Hardwood, Slate/Stone

Exterior

  • ExteriorClapboard, Wood
  • RoofMetal, Shingle - Asphalt
  • Exterior ColorNatural

Other

  • Taxes$9,032
  • Seasonal Y/NNo
  • Occupant RestrictionsPets - Negotiable
  • TrashDumpster, Private
  • Unit 1 Deposit$850
  • Unit 2 Rent Amount$850
  • Unit 3 Rent Amount$1,300
  • Unit 4 Rent amount$850
  • Unit 5 Rent amount$1,075

Building

  • Year Built1960
  • Building ConstructionWood Frame
  • StyleApartment Building, Contemporary, Multi-Family, Multi-Level, Ranch
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location2
  • Unit 1 Total Rooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location2
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms3
  • Unit 3 Floor Location1
  • Unit 3 Total Rooms7
  • Unit 4 Bath1
  • Unit 4 Total Rooms3
  • Unit 5 Baths2
  • Unit 5 Bedrooms2
  • # of 1 Bedrooms3
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms1
  • Bathroom6
  • Total Baths6
  • FoundationPoured Concrete, Slab - Concrete

Map Location

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Listed by Derek Greene of Derek Greene
Broker Reciprocity

Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 3, 2022.

 

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