399 Depot St Cavendish, VT 05153

Property Details for 399 Depot St

Year built

1784

Lot size

4.78 lot acres

Property size

7,476 SF

Property type

Hotels

APN

(041) 1V20-095

APU

0411V20095

Description

This exceptional 8-key bed and breakfast, originally a 1788 stagecoach stop, presents a lucrative investment opportunity. Boasting 7,419 square feet on a 4.78-acre lot in Cavendish, Vermont, this meticulously maintained property offers a blend of historic charm and modern amenities. The main inn features 6 guest rooms and 2 suites, all with private baths, including one ADA-accessible room. Common areas include a solarium, dining room, living room with a propane fireplace, a large commercial kitchen, and laundry facilities. A separate, luxurious owner's quarters, added in 2010, comprises four bedrooms and two baths across two levels, plus a two-car garage. Extensive renovations were completed in 2010. The property benefits from a prime location near Okemo Mountain Resort and participates in a successful inn-to-inn walking tour, boosting occupancy. Additional features include ample parking, fruit trees, gardens, and a picturesque setting with a stream and access to Proctor-Piper State Forest. The property's strong financial performance is highlighted by a $1,595,000 asking price, a 10.21% cap rate, and a net operating income (NOI) of $162,794. The inn also features on-site livestock including sheep, chickens, and bees, providing fresh eggs and honey. The property is offered as an LLC. Financial details are available upon execution of a confidentiality agreement and completion of a brief questionnaire.