2242 North Main St Londonderry, VT 05148
This iconic 1840 post-and-beam structure, the Mill Tavern, is available for purchase for the first time in decades. Located at 2242 North Main Street, Londonderry, VT, this 15,874 square foot building sits on a 2.4-acre lot at the intersection of Route 11 and scenic Route 100, a prime location benefiting from high traffic volume, especially during peak foliage season. Previously a 170-seat restaurant and lounge popular with second-home owners and tourists visiting nearby ski resorts, the Mill Tavern offers significant potential for redevelopment. While retaining its original charm, the property requires substantial repairs, including a new roof and interior renovations to address flood damage. The building's historical significance and location present a unique opportunity for an investor or entrepreneur with a vision to restore this landmark to its former glory. Historically operating only during winter months, the business could significantly increase revenue with year-round operation. This is a cash sale only
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.