195 Main St Montgomery Center, VT 05471
- Investment properties
- 0.88 lot acres
Current Use by Public Records
- Phineas Swann Inn & Spa / Bed & Breakfast / Spa
- Hotel / Hotel
Property Details for 195 Main St
- Lot size
- 0.88 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- (125) 0N118.024X
- APU
- 1250N118024X
Description
This exceptional Vermont hospitality property, located in Montgomery Center at the base of Jay Peak, presents a unique investment opportunity. Priced at $2,250,000, this three-story inn boasts 11 keys, including a variety of accommodations ranging from standard guest rooms to spacious dog-friendly suites and apartment-style units with full kitchens and decks. The main inn features a welcoming B&B-style front desk, a large gift shop, a fireplace-equipped sitting room, a dining room with scenic views, a residential-style kitchen, and laundry facilities. A two-bedroom owner's apartment is conveniently located above the kitchen, offering comfortable living quarters. An extensive basement provides ample storage and utility space. The property also includes a charming exterior Trex deck with a gas firepit, hot tub, and outdoor seating, connecting the main inn to a carriage house with four additional dog-friendly suites. Outdoor amenities extend to a gazebo, a large wedding pavilion perfect for ceremonies, and a flat grassy area ideal for events. A unique igloo provides a winter hospitality space. A rustic circa 1880 wedding barn, capable of hosting up to 125 guests, adds significant event potential, complemented by a separate catering kitchen in an adjacent outbuilding. SpaVermont, a purpose-built spa facility, features two treatment rooms, a relaxation area, saunas, and a large treatment area, further enhancing the property's income streams. Two bathrooms, one ADA accessible, are included in the spa building. The property's diverse income streams, including lodging, spa services, and wedding venue rentals, provide a strong foundation for future growth. The current year's performance significantly surpasses historical averages. This property offers a substantial physical asset with significant potential for expansion and enhanced profitability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery Center
- County
- Franklin
- State
- Vermont
- Longitude
- -72.6113
- Latitude
- 44.8788
- CBSA code
- 15540
- CBSA name
- BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA
