About This Home

This 0-bedroom, 0-bathroom commercial at 379 Lower Plain Road in Bradford, VT is listed for $3,500,000. on a 0.75 acres lot.

Key Features

  • 0.75 acre lot
Listing Description

Opportunity abounds with this exceptional cash flowing fully occupied motel. Compounding the existing business bonanza is the opportunity to use the additional vacant part of the parcel to expand the business with additional living/rental units with a design for 24 more already in place.

Restore the former bar and restaurant on premises to its former profitable glory and set up an RV park for low maintenance additional reliable income. The highly impressive financial statements await you. The fully operational motel enterprise has nine fully equipped studio units with kitchens (microwave, refrigerator, AC, WiFi, cable) and ten additional standard rooms.

Additionally there is a newly renovated 2 bedroom owner apartment and a newly renovated manager studio with direct office access. The onsite laundry and restaurant/bar are available for reinvigoration. The town water and sewer will provide great economic development support for the pre-designed additional 24 units.

With low operating expenses and consistent repeat business, and zoning welcoming more hospitality, multifamily development and good fairground access, the entire business ecosystem is built for growth and profitability. PROPERTY HIGHLIGHTS * Existing 24 Unit motel throwing off $500,000.

of net annual income! *Development potential: Design plans and survey for further development of the parcel have been completed and will be shared with potential buyer *Property is serviced by town water and town sewer with easy availability to the site *The State of Vermont is designing grants and tax credit programs to facilitate the development of more housing units due to a severe shortage Contact us today for access to the financials of this exciting business opportunity!

Monthly Cost Estimate

$18,719/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021

Estimates only. Actual payments may vary.

Location

379 Lower Plain Road

Bradford, VT 05033

Property Details

Parking

Assigned

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 379 Lower Plain Road is listed at $3,500,000. The estimated monthly payment is $18,719 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.75 acre lot.

This property is listed by Zachary Zupan and can be reached at (802) 868-6367.

ZZ

Zachary Zupan

Agent at eXp Realty LLC

(802) 868-6367

Listed by eXp Realty LLC · Broker phone: (802) 868-6367 · View on Broker Site

MLS# 5090815· Source: PrimeMLS· 123 days on PropertySimple

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379 Lower Plain Road, Bradford, VT 05033

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