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Listed by Dick Palmer • Hospitality Consultants, LLC
Bought with Dick Palmer • Hospitality Consultants, LLC
Bought with Dick Palmer • Hospitality Consultants, LLC
$950,000
$1,100,000 13.6%
Est. payment /mo
5.1 Acres Lot
Sold on 05/03/2024
287 RT 100 Weston, VT 05161
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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4954482
Sold Date 05/03/24
Annual Tax Amount $10,414
Tax Year 2022
Lot Size 5.100 Acres
Acres 5.1
Property Sub-Type Hospitality
Property Description
Have you always wanted to be an Innkeeper? There are many advantages of owning a B&B or Country Inn. The main advantage: The owner lives there literally free! Nearly all expenses such as housing (mortgage, taxes, and insurance) are paid from revenue guests pay for the privilege of staying at your inn. Much of your vehicle and food expense are also covered. Some Innkeepers choose not to draw a salary for that reason. Sounds great and it is all true but it also includes the work of managing the inn. (After all, we all know there is no free lunch.) Innkeepers are “jacks of all trades” they are cooks, bookkeepers, marketing experts, travel agents, handyman, and almost always charming and much more. Finding the right location is one of the keys to success. The location of the Colonial House Inn and Motel, in Weston, Vermont is a slam dunk. Weston is the home of the Vermont Country Store which takes visitors back to a bygone era where you can get lost for days. Weston is also the home of the Weston Priory, and the Weston Theater Company. Its central location in the heart of the green mountains is also proximate to many well known ski areas. Okemo, Stratton, Bromley, and Magic are all a short drive. The location doesn't get much better than this. If it is your dream to live in spectacular surroundings and be your own boss, give it your best shot! If a mortgage will be required, you will need a 20% to 30% down payment and have good credit.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning rural commercial
Rooms
Basement Entrance Interior
Basement Dirt Floor, Partial
Interior
Heating Gas - LP/Bottle, Wood
Cooling Wall AC Units
Equipment CO Detector, Smoke Detectr-Hard Wired, Window AC, Generator - Standby
Exterior
Parking Features On-Site, Parking Spaces 11 - 20, Unassigned, Unpaved
Garage Description On-Site, Parking Spaces 11 - 20, Unassigned, Unpaved
Utilities Available Cable, DSL, Telephone At Site
Building
Sewer On-Site Septic Exists
