3629 Ethan Allen Hwy New Haven, VT 05472-1038
- Commercial real estate
- 5,599 SF
- 5.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3629 Ethan Allen Hwy
- Year built
- 1796
- Lot size
- 5.20 lot acres
- Property size
- 5,599 SF
- Property type
- Commercial real estate
- APN
- (135) 0407
- APU
- 1350407
Description
This exceptional turnkey opportunity presents a historic Vermont property, established over 15 years, encompassing a beloved farm-to-table restaurant, a luxurious six-bedroom inn, and a versatile wedding venue. Situated on 5.2 acres with stunning Adirondack and Green Mountain views, the property boasts a fully renovated (2021) interior within a 1796 structure. The restaurant features a large bar, lounge, three dining rooms, a wine vault, and a spacious commercial kitchen. Upstairs, the inn offers six generously sized bedrooms and four bathrooms, complete with a sitting area and breakfast nook. A substantial 2,537 square-foot all-season barn provides ample space for weddings and events accommodating up to 200 guests, with an attached tent area. The picturesque 5,599 square-foot property includes a pond, cornfield, and sunflower field, creating an idyllic setting. The property's potential extends to expanded dinner service, catering, seasonal events, and collaborations with nearby Middlebury College. This is a rare chance to acquire a thriving, established business with significant growth potential. The asking price is $2,200,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $365,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $365,000
- Mixed-Use
- $325,000
- Hospitality
- $360,000
- Educational
- $340,000
- Residential Income
- $380,000
- Energy
- $335,000
- Income-Based Land
- $360,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- Addison
- State
- Vermont
- Longitude
- -73.174
- Latitude
- 44.0989