88 East Main Street, Wilmington, VT, 05363 | $675,000

Step into a piece of history with this versatile property in the downtown business district of Wilmington, Vermont. For decades, this property has served as a beloved destination for travelers, skiers, diners, and locals alike. This well-known establishment and landmark is ready for its next chapter under your stewardship. The property includes a full bar, large open dining rooms, entertainment space, office space, 4 bedroom owner's quarters, two 2 bedroom apartments, and a standalone building with 16 motel rooms. Located in the heart of downtown Wilmington, this property boasts excellent frontage on Route 9, offering fantastic visibility and ample parking in a paved lot. With an unheard-of 3 acres of in-town space, there's plenty of room for events on the beautiful lawn, which fronts Beaver Brook or the entertaining/dining deck which over looks the brook and lawn. Its prime location offers close proximity to multiple ski areas, lakes, and four-season recreation opportunities. Local public transportation access makes it easy to reach the Amtrak train station, providing direct connectivity from there to Boston and NYC. You can also catch a shuttle to Mount Snow Ski Resort. The potential here is immense. Whether you envision a restaurant, entertainment venue, hospitality operation, or even multi-family apartments and housing—which are in high demand—this property can accommodate your vision. Don't miss this opportunity to breathe new life into a cherished local landmark.

Features

  • Property Type: Business,Hospitality,Investment,Multi-Family,Office,Opportunity,Other
  • Zoning: commercial
  • Acreage: 3.1
  • Est. Taxes: $9,317
  • MLS#: 5005991
  • Website: https://www.raveis.com
    /prop/5005991/88eastmainstreet_wilmington_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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 11/24/2024
Listing courtesy of Southern Vermont Realty Group   Phone: 802-464-2585
Listing Agent: Jacki Murano

William Raveis Family of Services

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888.699.8876

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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88 East Main Street, Wilmington, VT, 05363

$675,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $540,000 $540,000 $540,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $776 $776 $776
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,593 $3,589 $4,630
Total Monthly Payment $4,461 $4,457 $5,498

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.