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Property profile & analytics
OFF-MARKET Estimated value $630,000
Turn key restaurants

54 Dover Rd 64 Wilmington, VT 05363-7932

10,924 SF 48.77 ac lot Built 1953
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US89-0251749
Property summary
AI-generated overview

This exceptional 10,924 square foot property located at 54 East Dover Road, Wilmington, Vermont, presents a unique investment opportunity. Known as the Sitzmark, this historic landmark boasts a rich history as a vibrant hub for food, entertainment, and outdoor recreation within a thriving ski community. The property includes a fully established restaurant, indoor and outdoor bars, tennis courts, a swimming pool, and a disc golf course (formerly a traditional golf course). Its location also makes it a prime destination for snowmobilers. The expansive 36-acre lot offers significant potential for future development and expansion. While the top two floors are currently gutted, this provides a blank canvas for a new owner to envision and create a revitalized space. The property's extensive amenities and prime location offer a rare chance to restore a beloved community landmark and capitalize on its considerable potential. The property is being offered at $958,000, and cash offers are preferred. This is a truly remarkable opportunity to own a piece of Vermont history and create a thriving destination once again.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Construction FRAME
Total area 10,924 SF
Lot 48.77 ac (2,124,421 SF)
APN (242) 00301018.100
UPID US89-0251749
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
$632k
Blend (final) Blend
$630k
Owner & transaction history
Jas Properties3 LLC · 1 yrs held
Jas Properties3 LLC
since 2024
Last sale
$40,000
1 recorded transaction
2024
$40,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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