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138 Cross Street, Brighton, VT, 05846 | $775,000
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.
Features
- Property Type: Business,Hospitality,Opportunity
- Construction: Wood Frame,Vinyl Siding,Wood Siding
- Parking: Leased,On-Site,On Street,Parking Spaces 21+,Unassigned,Unpaved
- Heating: Baseboard,Hot Water,Wall Units,Propane,Oil
- Cooling: Mini Split,Wall AC Units
- Zoning: Village
- Frontage: 210
- Year Built: 1866
- Approx Sq. Feet: 8,170
- Acreage: 1
- Est. Taxes: $8,308
- MLS#: 4990268
- Website: https://www.raveis.com
/prop/4990268/138crossstreet_brighton_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/22/2024Listing courtesy of Jim Campbell Real Estate Phone: 802-334-3400
Listing Agent: Ryan Pronto
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
138 Cross Street, Brighton, VT, 05846
$775,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
| Monthly Tax Payment | $692 | $692 | $692 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,125 | $4,121 | $5,229 |
| Total Monthly Payment | $4,909 | $4,905 | $6,013 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484