349 WILLARD STREET Burlington, VT 05401 | Commercial Sale | Hospitality

$2,800,000

Closed
Get Flood Insurance Quote
Map
Save to Collection
1
1.16 acres
Hospitality Consultants, LLC Logo
Listing Courtesy of
Hospitality Consultants, LLC

Description

Every so often an outstanding hospitality property becomes available in Vermont, and that time is now with the Willard Street Inn. Located in the picturesque Hill District of Vermont’s queen city, this meticulously cared for 1881 mansion offers 14 guest rooms, numerous common areas, and spacious grounds. This successful business boasts higher than industry Average Daily Occupancy and Daily Rates. Perfectly framed on 1.16 acres, the 13,400 +/-sq ft home overlooks established perennial flower gardens, a raised bed vegetable garden, and views of Lake Champlain and Adirondacks. From the gardens, the impressive architecture shines. Standout elements of the home include the grand brick and marble staircases from the Solarium to the gardens and the tower providing beautiful views from multiple vantage points in the Dining Room, Champlain Lookout, and Tower Room. Breakfast is prepared in the large modern kitchen and enjoyed in the sunny, marble-floored Solarium. The spacious 1,800 +/-sq ft owner’s quarters on the lower level feature a great room with a gas fireplace, large windows, and combination kitchen/dining area, two bedrooms (or 1 bedroom, 1 office), and bath with 2-person shower and double vanity. The space is accessible by a private entrance with a fenced-in deck and 4 parking spaces to the North and flagstone patio to the South. BUYERS WILL BE REQUIRED TO FILL OUT OUR PROSPECT INFORMATION PACKAGE COMPLETELY BEFORE RECEIVING THE FINANCIAL INFORMATION

Property Details

List Price $2,990,000 Sold Price $2,800,000 List Date 2021-05-02 Sold Date 2022-07-11 MLS ID 4858585 Status Closed Property Type Commercial Sale Business Type Hospitality County VT-Chittenden Days on Market 348

structure

accessibility features 1st Floor 3 Ft. Doors, 1st Floor Bedroom, 1st Floor Full Bathroom, 3 Ft. Doors, Access Common Use Areas, Handicap Modified, Paved Parking basement Yes Total Baths 0 building area units Square Feet cooling Wall AC Units Features Exterior Business Type Hospitality heating Baseboard, Radiator living area units Square Feet Parking Features On-Site, Parking Spaces 1 - 10, Paved

characteristics

current use Bed/Breakfast Acres 1 lot size area 1.16 Lot SqFt 50530.0 view Lake view y n No water body name Lake Champlain waterfront features No waterfront y n No

tax

tax annual amount 70678.8 tax year 2021 zoning Residential Low Density

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Non-Rep Comp. 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 12:47:18 AM (UTC)