Property profile

63 Town Line Rd Mendon, VT 05701

OFF-MARKET
Commercial real estate
Property ID
US89-0243418
1.5 ac lot
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,219 square foot restaurant located at 63 Townline Road, Mendon, VT presents a unique investment opportunity. Formerly the well-regarded Countryman's Pleasure Austrian restaurant, this property boasts a charming atmosphere and ample seating for 102 guests. The main dining area features hardwood floors, exposed beams, a mix of booths and tables, and a welcoming bar area, all enhanced by multiple propane stoves. A lower level provides additional seating and a separate entrance, adding to the property's versatility. The commercial kitchen has undergone recent updates, ensuring efficiency and functionality. Upstairs, convenient office space is available. The property sits on 1.5 acres and includes a large on-site parking area, providing ample space for patrons. This turnkey operation is ideally situated just minutes from Killington, offering excellent access to a thriving tourist market. The seller is open to exploring creative financing options, particularly for chefs seeking restaurant ownership. This is a rare chance to acquire an established and well-loved restaurant with significant potential for growth and profitability. Don't miss this chance to own a piece of Vermont's culinary scene.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.5 ac (65,340 SF)
APN (119) 060235000
UPID US89-0243418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

63 Town Line Rd Mendon, VT 05701-9726
Mendon metro Census 962800 RUTLAND, VT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2018
Last sale
$264,300
2 recorded transactions
2018
$225,000
2008
$1

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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