19 Main St Bristol, VT 05443-1348

Property Details for 19 Main St

Year built

1880

Lot size

0.15 lot acres

Property size

7,300 SF

Property type

Investment properties

Property subtype

Live-work space

APN

(029) 23-50-73

APU

29235073

Description

This exceptional hospitality property, located at 19 Main St, Bristol, VT 05443, presents a unique investment opportunity. The Bristol Suites and Vermont Marketplace, situated in the heart of Bristol's historic downtown, is an architecturally significant building, originally constructed with ground floor shops, a second-floor meeting hall, and third-floor apartments. Substantial renovations in 1985 and 2000 upgraded the apartments and restored the façade, preserving its unique character. The property currently operates as a hotel with a ground floor retail space, "Vermont Marketplace," and a separately leased retail space. The hotel features a mix of room types, including two standard hotel-style rooms, a two-bedroom "Main Street Suite" with a chef's kitchen and private deck/hot tub, a three-bedroom "Pocock Suite" with a full kitchen, and additional suites on the third floor. All accommodations are spacious, well-designed, and benefit from abundant natural light and stunning views. The property boasts a 49% occupancy rate in 2023 (61% in 2022), with an average daily room rate of $205.83. Its prime location offers easy access to Bristol's amenities, hiking trails, and nearby attractions, catering to both leisure and business travelers (including those associated with the nearby Middlebury College). The strong mix of leisure and business travel should sustain occupancy above 50%. This well-maintained property offers a solid foundation for future lodging and retail operations. The asking price is $1,200,000.

Location Insight

City

Bristol

County

Addison

State

Vermont

Longitude

-73.0776

Latitude

44.1327

Property Tax & Assessments