1 Maple Ave Chelsea, VT 05038
- Commercial real estate
- 5,100 SF
- 0.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1 Maple Ave
- Lot size
- 0.74 lot acres
- Property size
- 5,100 SF
- Property type
- Commercial real estate
- APN
- (044) 044-001000
- APU
- 44044001000
Description
This exceptional 5,500 square foot event venue in Chelsea, Vermont, presents a unique opportunity for a thriving business. Situated on a 0.74-acre lot, this property boasts a prime location across from two community greens, a church, and municipal buildings, creating a picturesque setting ideal for weddings and large gatherings. The interior features stunning log cabin woodwork throughout, creating a warm and inviting atmosphere. A fully equipped commercial kitchen, complete with fire suppression, a propane cook stove, and two fryolators, is perfect for catering events. The bar area is sure to impress, and the large, open billiard room offers ample seating and tables for patrons, complemented by a cozy gas fireplace. A spacious band stage/dance/reception area easily accommodates up to 230 guests, featuring a custom non-slip dance floor and dimmer-controlled lighting. Two women's bathrooms, crafted with cedarwood, and a uniquely designed men's room with beer keg urinals and beer tap faucets add to the venue's character. Outside, a fenced-in picnic area provides additional space for guests. The property also features a paved parking lot for convenient on-site parking and a vast trail perfect for snowmobilers. The building is well-maintained, with a five-year-old standing seam roof, 5" spray foam insulation in the roof with fire-resistant paint, and two propane direct vent Renai heaters providing efficient heating for the entire space. This turnkey operation is ready for its next chapter.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $130,000
- 6.5%
- $110,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $130,000
- Mixed-Use
- $130,000
- Hospitality
- $125,000
- Educational
- $135,000
- Residential Income
- $110,000
- Energy
- $135,000
- Income-Based Land
- $145,000
- Food Service
- $125,000
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Orange
- State
- Vermont
- Longitude
- -72.4486
- Latitude
- 43.9889
- CBSA code
- 30100
- CBSA name
- LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA