Price Reduced 12.36%
Listing courtesy of Brian Gehlich, RE/MAX Four Seasons Cell: 917-538-5913
Price History
$2,395,000
7/28/2024
$2,099,000
10/10/2024
132 Landgrove Road, Landgrove, VT, 05148
1810
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.
Status:
Active
Type:
Commercial
Units:
19
Zoning:
Res-Grandfathered
Frontage:
294
Heating:
Baseboard, Blowers, Electric, Forced Air, Multi Zone, Stove - Gas, Stove - Pellet, Propane, Multi Fuel, Oil, Pellet Stove, Mini Split
Cooling:
Multi Zone, Wall AC Units, Mini Split
Parking:
Driveway, Parking Spaces 21+
Acreage:
23.7
Est. Taxes:
$23,138
MLS #:
5007077