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Property profile & analytics
FOR SALE
Commercial real estate

2242 North Main St Londonderry, VT 05148

15,874 SF 2.4 ac lot Built 1840
Entity Owned Free & Clear
Property ID
US89-0200072
Property summary
AI-generated overview

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

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1840
Total area 15,874 SF
Lot 2.4 ac (104,544 SF)
APN (110) 102023
UPID US89-0200072
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$900k
Blend (final) Blend
$890k
Owner & transaction history
DUKE ENTERPRISES
DUKE ENTERPRISES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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