86 Main St Ludlow, VT 05149

This exceptional 6,069 sq ft, Class A, Victorian Inn, built in 1890 and extensively renovated in 2020, presents a lucrative investment opportunity. Located on a 0.44-acre lot in downtown Ludlow, Vermont (05149), this property boasts 9 guest rooms, each with a private bath, and features gas fireplaces or Vermont cast-iron stoves in six rooms, and spa tubs in two. The inn includes a separate two-bedroom, two-bathroom owner's house, providing a distinct separation between personal and business life. The main building features two buildings and three stories, with common areas, breakfast/dining rooms, a commercial kitchen with a walk-in cooler and dishwashing area, and a butler's pantry. Recent upgrades include a full sprinkler system, new fire alarm system, boiler, water heater, heat-pump system for guest rooms and dining area, commercial dishwasher, dryers, and freezer. Most bathrooms have been recently updated. The inn benefits from a strong Net Operating Income (NOI) of $164,000, representing a 9.7% cap rate, and enjoys high ratings on major booking platforms. Its prime location near Okemo Mountain and other attractions ensures year-round occupancy and diverse revenue streams. The permitted zoning is Village. This turnkey operation offers significant potential for growth and is priced at $1,690,000 ($278.46/sq ft). The current occupancy rate is 35%. The property is part of a collaborative network of four inns in Southern Vermont, offering a unique walking experience for guests during the warmer months.