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4182 Waterbury Stowe RoadWaterbury, VT 05677MLS Number 4760190

  • Price: $1,425,000The price has recently decreased
  • 152 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 3.75% last updated on 2019-11-14

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

One of the most successful operating restaurants in the Stowe/Waterbury area, located 5 minutes from Stowe and I-89. Michael's on the Hill is the only fine dining restaurant in the area. A new buyer is not bound to this type venue. The circa 1820 farmhouse was first converted to a restaurant in approximately 1983 as the Villa Tragara restaurant. Michael and Laura purchased the property in 2002 and have made extensive renovations and upgrades. Beside having an excellent location, Michael's offers a beautifully refurbished, 1820 barn which provides for additional seating and a venue for functions up to 76 patrons. In warmer weather the patio offers seating. The porch, barn and the patio offer beautiful views of the Green Mountains and sunsets. The property has been well maintained inside and out. There are many possibilities for expansion on this 4.2 acre site with views. Recently paved driveway adds to the curb appeal of the property. It is important to note that the financial numbers support the price. We are happy to share a very complete brochure to qualified buyers. Sellers request buyers to sign a confidentiality agreement and provide financial information to prove their ability to purchase before we can release their financial information which are in the brochure. Banks today require a minimum of 20% down.

Listed by Dick Palmer of Hospitality Consultants, LLC

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Basic Information

  • Virtual TourClick Here
  • StatusACT
  • Modification Date06/29/2019
  • TypeHospitality
  • List Price$1,425,000
  • Broker NameHospitality Consultants, LLC
  • Listing Agent NameDick Palmer
  • Lister Office NameHospitality Consultants, LLC
  • MLS Number4760190

Location

  • Building Number4182
  • StreetWaterbury Stowe
  • TownWaterbury
  • StateVT
  • Zip05677
  • CountyWashington

Property

  • Acreage4.2
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft182,952
  • Road Frontage300

Amenities

  • Accessibility Amenities3 Ft. Doors, Access Common Use Areas, Access Parking, Zero-Step Entry Ramp

Other

  • AC percent80
  • Transport AccessState Highway, Paved
  • View Count59

Building

  • Year Built1820
  • ConstructionPost and Beam, Wood Frame
  • FoundationConcrete, Fieldstone, Stone
  • Square Feet4,200
  • Available Sqft4,200
  • BasementConcrete, Concrete Floor, Gravel, Partial, Stairs - Interior, Storage - Locked, Storage Space, Walkout, Interior Access, Exterior Access

Exterior

  • ExteriorClapboard, Wood
  • RoofMetal, Shingle - Asphalt

Utilities

  • FuelElectric, Gas - LP/Bottle, Oil
  • Heating CoolingForced Air, Mini Split
  • Phone CompanyComcast

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 November 20, 2019.

 

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