$1,950,000
119 Main ST Ludlow, VT 05149
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Listed by Dick Palmer • Hospitality Consultants, LLC
$1,950,000
Est. payment /mo
3,743 SqFt
Active
119 Main ST Ludlow, VT 05149
UPDATED:
11/11/2024 04:06 PM
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 3,743 sqft
Price per Sqft $520
MLS Listing ID 5020926
Year Built 1835
Annual Tax Amount $9,922
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Description
Trip Advisor#1 Rated restaurant in Ludlow. A turnkey operation ready for any restaurateur, hotelier or investor looking to own a year-round cash-flowing mountain town destination from afar or operate it themselves. Homestyle Restaurant is in the middle of the touristy hustle and bustle of Okemo Mountain’s main street less than a mile from the main ski lodge. Zoned/licensed as a restaurant and hotel since 2014 but currently operating solely as “one of the Okemo Valley’s best-reviewed and most-booked restaurants” since converting all lodging rooms to dining rooms during the pandemic. Currently operates dinner service four days per week (4pm-9pm), 44 weeks per year. First level features a full bar and main dining room, upgraded commercial kitchen; second level has additional five private dining rooms; and outdoor “al fresco” dining on the wraparound porch adds extra ambiance May-October. Typical weekends are fully booked, serving 120-180 people per evening. A proven, consistent cash-flowing restaurant enterprise, plus opportunities to enhance and/or expand across event, meeting and lodging revenue streams. Updated building plus all equipment, assets, trademarks, promotion/web site customer databases, etc. The possibilities at Homestyle are numerous. All prospects will be asked to fill out the Prospect Information Package.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning Village Commercial
Rooms
Basement Entrance Interior
Basement Partial
Interior
Heating Gas - LP/Bottle
Cooling Mini Split, Wall AC Units
Inclusions Barn, Land/Building/Business
Exterior
Garage On-Site, On Street
Garage Description On-Site, On Street
Utilities Available Cable - At Site, Gas - LP/Bottle, Multi Phone Lines
Roof Type Metal
Building
Sewer Public Sewer On-Site
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