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7077 Main Street, Readsboro, VT, 05350 | $599,000
Situated in the peaceful Green Mountains, The Readsboro Inn offers a rare opportunity with four revenue streams: Inn/Guest House, Restaurant, Bar, and Long-Term Rentals. With a monopoly on services in a 12-town radius, this beloved establishment is popular among locals and visitors alike. Spacious 25+/- seat formal dining room, 30 seat lounge w/bar accompanying 14 guests, 12 additional seats along the perimeter for scenic mountain views at handcrafted, live edge counters and space for live music, outdoor seating and a pool table! Additional office space, laundry room, storage rooms, walk-in cooler, commercial kitchen, 4 bathrooms! 1, 000 sq. ft. of unused space with Main Street access for future expansion The Inn hosts six guest rooms, refreshment area, 3 bathrooms. Three spacious long term rental apartments on site including the “penthouse” which has 3 bedrooms & gorgeous views to the mountains and village below - this unit awaits completion and can serve as an owner’s suite or additional rental income. A truly unique location, guests can explore the nearby outdoor attractions and just 20 minutes away, MASS MoCA in North Adams, ZOAR Kayaking and White Water Rafting in Charlemont, plethora of hiking/biking multiple alpine and downhill ski resorts. This prime location offers both the convenience of being 20-25 minutes from amenities and the serenity of being “in the middle of nowhere, ” on scenic and famous Rt 100 surrounded by the quiet beauty of Vermont’s Green Mountains.
Features
- Property Type: Hospitality,Investment,Multi-Family,Opportunity
- Zoning: commercial
- Est. Taxes: $0
- MLS#: 5018352
- Website: https://www.raveis.com
/prop/5018352/7077mainstreet_readsboro_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 11/24/2024Listing courtesy of Southern Vermont Realty Group Phone: 802-464-2585
Listing Agent: Jacki Murano
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7077 Main Street, Readsboro, VT, 05350
$599,000
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 | $479,200 | $479,200 | $479,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,188 | $3,185 | $4,109 |
| Total Monthly Payment | $3,280 | $3,277 | $4,201 |
* 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