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Essex House & Tavern 138 Cross St
11 Room Hotel Brighton, VT 05846 $775,000 ($70,455/Room)
Investment Highlights
- Each of the 11 hotel rooms has been updated with new amenities while still retaining the building’s quaint, historic style.
- This solid business has a well-established customer base and is ideally situated in a town that is truly a four-season destination for outdoor enthusi
Executive Summary
Property Facts
Price | $775,000 | Lot Size | 1.00 AC |
Price Per Room | $70,455 | Building Size | 8,170 SF |
Sale Type | Investment | No. Rooms | 11 |
Sale Conditions | Business Value Included | No. Stories | 2 |
Property Type | Hospitality | Year Built | 1866 |
Property Subtype | Hotel | Parking Ratio | 2.45/1,000 SF |
Building Class | C | Corridor | Interior |
Price | $775,000 |
Price Per Room | $70,455 |
Sale Type | Investment |
Sale Conditions | Business Value Included |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.00 AC |
Building Size | 8,170 SF |
No. Rooms | 11 |
No. Stories | 2 |
Year Built | 1866 |
Parking Ratio | 2.45/1,000 SF |
Corridor | Interior |
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
About 138 Cross St , Brighton, VT 05846
Prominently located in the heart of Island Pond, VT, is the Essex House and Tavern. Housed in an 1866-era building that has been renovated to create an atmosphere that reflects the history of the Essex House by keeping the original wood supports combined with a modernized, antique aesthetic. The revitalized tavern features a vintage industrial vibe with seating for 48. A separate dining room seats 65 and is perfect for private events. The 36x20’ pavilion, added in 2020, is heated for winter use, and in warmer months more seating can be added just outside to serve more customers. The VAST trail flows directly into the large, paved parking lot, and the town roads are open to ATVs and UTVs. Brighton State Park, seton the shores of Spectacle Pond, and Island Pond attract visitors for boating, fishing, and swimming, and hiking trails in the area are plentiful. An 18-mile drive takes you to East Burke for world-class mountain biking at Kingdom Trails and classic Vermont skiing at Burke Mountain. If you’re ready to live and work in the wonderful playground of the Northeast Kingdom, this might be the opportunity you’ve been waiting for. Are you ready to take this turnkey business to the next level?
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 11 | $82.00 | - |
PROPERTY TAXES
Parcel Number | 090-028-10324 | Improvements Assessment | $229,200 |
Land Assessment | $50,000 | Total Assessment | $279,200 |
PROPERTY TAXES
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
Learn More About Investing in Hospitality Properties
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Essex House & Tavern | 138 Cross St
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