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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

Opportunity to own and operate a popular restaurant/inn situated in the Northeast Kingdom of VT. This historic building pays homage to its connection with the arrival of the railroad industry in the late 1800’s, as much of that antique aesthetic has been preserved during renovations. Located at 138 Cross St. in Island Pond, the Essex House and Tavern measures over 8000 square feet with a parking lot near the VAST trail system, and has been a staple to both the local community and tourists alike. The Tavern can accommodate up to 48 and features a full bar with POS system/several desktop stations, fully-equipped kitchen with 16’ vent hood, walk-in cooler, and dry/liquor storage. Attached is a dining room with dry bar, perfect for hosting events/entertainment and capable of seating an additional 65. Outside you’ll find an enclosed pavilion measuring 20’x36’ overlooking the Clyde River, serviced and utilized during all seasons by two, overhead, infrared heaters. The Essex House offers a total of eleven renovated rooms with modern amenities and multiple suites, all maintained by a team of housekeepers with a separate laundry room/facilities on-site. This is truly a turnkey operation staffed by capable and experienced employees, allowing for a smooth transition of ownership. This business enjoys a loyal customer base of boaters, snowmobile enthusiasts, seasonal visitors, and second-home owners due to its proximity to the lake, Brighton State Park, & Bluff Mountain.

Property Facts

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

PROPERTY TAXES

Parcel Number
090-028-10324
Land Assessment
$50,000
Improvements Assessment
$229,200
Total Assessment
$279,200

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 31509359

  • Date on Market: 12/8/2023

  • Last Updated:

  • Address: 138 Cross St, Brighton, VT 05846

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