5581 VT ROUTE 30 NORTH Pawlet, VT 05761 | Commercial Sale | Hospitality

$650,000

Closed
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5000 sqft.
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Listing Courtesy of
McChesney RE, Inc.

Description

Established in 1972 from an 1800’s barn, this impressive +/-5,000SF Timber frame restaurant has grown into a thriving business and destination. The unique and ideally configured 100+ seat restaurant lends itself beautifully to large or smaller private parties/gatherings with 4 separate dining areas. 1) Main Dining room (36+ seat/1,400SF) with soaring cathedral ceilings, a massive stone fireplace and huge windows looking down the Mettowee Valley. 2) Loft - open to/overlooking the main dining room - (400SF/ 25+ seats) 3) Tavern (30+ seat/850SF) with stone fireplace, performance platform for live music and 4) Seasonal Porch (20+ seat/360SF) accessed from the Tavern with steps to lawn/garden area and views down the Mettowee Valley. The current owners/operators have made many substantial improvements over their 20+ years of ownership. Including but not limited to new heating system(2 new boilers 2021), 5 split unit heat/AC pumps, installed an engineered/state approved septic, kitchen addition (over 600SF kitchen space), w/ 130SF walk-in cooler space, and all updated well maintained equipment. Architecturally&aesthetically pleasing, this "quintessential Vermont” Restaurant is truly a magnificent property. And the business is impressive as well with strong figures and continued growth and profitability! In 2019, the Gross revenue was close to $1,000,000 with over 30,000 meals served! And currently, revenue and profitability have both increased since then with fewer operating hours.

Property Details

List Price $749,000 Sold Price $650,000 List Date 2021-08-15 Sold Date 2023-07-24 MLS ID 4877774 Status Closed Property Type Commercial Sale Business Type Hospitality County VT-Rutland Days on Market 667

structure

accessibility features No Stairs from Parking basement Yes Total Baths 0 building area total 5000.0 building area units Square Feet cooling Mini Split Features Exterior Business Type Hospitality foundation details Poured Concrete, Slab - Concrete heating Hot Water, Multi Zone, Radiator, Stove - Gas, Mini Split living area 5000.0 living area source Public Records living area units Square Feet Parking Features Driveway, Off Street, On-Site, Parking Spaces 21+, Unpaved roof Metal, Slate stories 3 year built 1900

characteristics

current use Business Only, Food Service Acres 2 lot size area 2.0 Lot SqFt 87120.0

tax

tax annual amount 5253.3 tax year 2021 zoning Vill Comm

contract

foreclosure y n No

compensation

Buyer Agency Comp. 1 Buyer Agency Comp. Type % Non-Rep Comp. 3 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 3/18/2024 9:31:16 PM (UTC)