Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

71 South Pleasant StreetMiddlebury, VT 05753MLS Number 4871844

  • Sale Price: $1,285,000The price has recently decreased
  • Listed at $1,370,000
  • 8 Days Since Sale
Print
Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 2.86% last updated on 2021-09-16

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

Sold
71 South Pleasant Street Middlebury VT 05753
QR Code
A complete marketing package for The Inn On The Green is available. ***Buyers need to provide financial qualifications prior to receiving financial information or arranging an in-person showing*** There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the owner. In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018. The business has done extremely well despite COVID and has made a very successful transition to a "Simple, Comfortable & Independent" way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule. Well-trained staff is present each morning & supports the guest's experience with housekeeping, breakfast options, and availability at all times via text messaging. Occupancies surpassed 55% in '19 and remained strong in '20/COVID with a 43.7% rate & 42% YTD through July '21. The business is poised to return to pre-COVID levels and more as '21 progresses. While there are no owner's quarters on-site, there is a State permit for converting 3rd floor. Impressive financials & prime location = Amazing Opportunity
Listed by Gary Gosselin of The Hearthside Group

Listing Sold by The Hearthside Group

Driving Directions

More Info

Basic Information

  • StatusSLD
  • Modification Date09/10/2021
  • TypeHospitality
  • List Price$1,370,000
  • Broker NameThe Hearthside Group
  • Listing Agent NameGary Gosselin
  • Lister Office NameThe Hearthside Group
  • Seller Office NameThe Hearthside Group
  • Selling Agent NameGary Gosselin
  • MLS Number4871844
  • MLS StatusClosed

Location

  • Building Number71
  • StreetSouth Pleasant Street
  • TownMiddlebury
  • StateVT
  • Zip05753
  • CountyAddison

Exterior

  • ExteriorShingle
  • RoofSlate

Utilities

  • FuelGas - Natural
  • Heating CoolingGas Heater

Other

  • View Count47

Building

  • Year Built1803
  • FoundationSlab - Concrete, Stone
  • Square Feet5,188
  • BasementFinished
  • Garage Spaces

Property

  • Acreage0.3
  • Parking Spaces
  • Lot Sqft13,068
  • Road Frontage172

Ask A Question

Call: 802.380.2550

Do not fill in this field:

Broker Reciprocity

Copyright 2021 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 September 18, 2021.

 

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: