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119 Main St Ludlow, VT 05149

For Sale
$1,500,000

Four-season business in Okemo Mountain area, ready for new owner.

Property size:
5,000 SF
Lot size:
0.26 Acres

Property Features for 119 Main St

General Information

Size
5,000 SF
Lot size
0.26 Acres

Source: Hospitality Consultants Agent Richard Palmer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turnkey Restaurant and Hotel Opportunity

This turnkey, four-season business is suited for a restaurateur, hotelier, or investor seeking a year-round, cash-flowing destination in a mountain town. Located in the heart of the tourist district on Okemo Mountain's main street in Ludlow, VT, it is less than a mile from the main ski lodge. Zoned and licensed as both a restaurant and hotel since 2014, it currently operates as a highly-rated restaurant, a change made during the pandemic by converting all lodging rooms into dining spaces. The restaurant operates dinner service four days a week (4pm-9pm), 44 weeks per year. The first level features a full bar and main dining room, along with an upgraded commercial kitchen. The second level offers five private dining rooms. Outdoor dining is available on the wraparound porch from May to October. Typical weekends see full bookings, serving 120-180 people per evening, with a waiting list averaging 50-600 people per night. This property offers a consistent cash-flowing restaurant enterprise, with opportunities to expand across event, meeting, and lodging revenue streams. The price includes the updated 5,000-sq.-ft. building on 0.26 acres, along with all business equipment, assets, trademarks, promotion and website platforms, and customer databases. Opportunities exist for expanded food service, catering, and special events.
Insight Report Location Intelligence

Current Use by Public Records

Homestyle Hotel & Restaurant Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ludlow
County
Windsor
State
Vermont
Longitude
-72.6983511
Latitude
43.3963021

FAQs

What type of property is this?
Hotel - Four-season business in Okemo Mountain area, ready for new owner.
Where is this hotel located?
The property is located at 119 Main St Ludlow, VT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Turnkey restaurant and hotel business in prime location.; - Proven restaurant enterprise with fully booked weekends.; - Includes updated 5,000-sq.-ft. building, business equipment, assets, trademarks, website, and customer databases.
More about this property
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