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    585 Us Rte Coventry, VT 05825

    For Sale
    $450,000

    Historic Vermont diner, fully equipped.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Embrace this exceptional opportunity to own a piece of Vermont history. This 1953 Fodero dining car, operating as Martha's Diner since 1978, is a beloved landmark situated on a 2.17-acre lot boasting 448 feet of prime frontage along US Route 5 in Coventry, VT. The property offers high visibility and ample parking, ensuring a steady stream of customers. The charming art deco interior features iconic booths and counter stools, seating up to 50 patrons. A fully equipped kitchen includes a four-burner grill and two fryolators. The sale includes all equipment and dinnerware, allowing for immediate operation. This turnkey business presents a unique chance for an entrepreneur to take the reins of this established eatery, serving delicious meals to locals and tourists alike. The asking price is $450,000. The property's zip code is 05825, and its location offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, profitable business with significant historical value. Don't miss out on this chance to own a piece of Vermont's culinary heritage.

    Property Features for 585 Us Rte

    General Information

    Property type
    Land
    Lot Size
    94,525 SF

    HighLights

    • Historic 1953 Fodero dining car operating as Martha's Diner since 1978.
    • Located on a 2.17‑acre lot with 448 feet of US Route 5 frontage in Coventry, VT (05825).
    • High visibility and ample parking.
    • Seats up to 50 patrons with iconic art deco interior, booths, and counter seating.
    • Fully equipped kitchen including grill and fryolators; all equipment and dinnerware included.
    • Turnkey operation; asking price $450,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Coventry
    County
    Orleans
    State
    Vermont
    Longitude
    -72.262315
    Latitude
    44.866359

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    FAQs

    What type of property is this?
    Land - Historic Vermont diner, fully equipped.
    Where is this land located?
    The property is located at 585 Us Rte Coventry, VT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Historic 1953 Fodero dining car operating as Martha's Diner since 1978.; Located on a 2.17-acre lot with 448 feet of US Route 5 frontage in Coventry, VT (05825).; High visibility and ample parking.
    Request Owner's contact information
    585 Us Rte Coventry, VT 05825
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    Coventry, VT 05825
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    585 Us Rte Coventry, VT 05825
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