Toll Road Inn

2220 Depot Street, Manchester Center, VT

$1,250,000

Price

11,500 sqft

Building Size

3.8 acres

Lot Area

Overview
Building Size
11,500 sqft
Lot Area
3.8 acres
Keys
16
Year Built
1965
Floors
2
Description

Lovely, immaculate 16 room motel perfect for starter couple or 1st time hospitality investor. Meticulously maintained by same owners for 17 years. Opportunity for new operator to bring fresh approach to capture more market share. Truly one of the nicest motels in the area. Sale includes a wonderful adjoining 3 bdrm, 2.5 bath home. Perfect for a family owner/operator who can improve business with more effective online marketing and rate management. A "turn key" opportunity. Seller is motivated and looking to make a deal.

On Route 11 - just off Route 7 - In the heart of ski country with easy access to Bromley and Stratton. Only 5 minutes from Outlet Malls in Manchester Village. Spectacular mountain and stream views throughout the property. Walking distance to fabulous restaurants and shops. Manchester is 3.5 hours from Boston, 4 hours from New York City and only 90 minutes from Albany, NY.

Great frontage on Route 11. Beautiful Bromley Brook runs behind property. With a total of 3.8 acres, there's plenty of room to expand the motel or further develop the additional acreage.

Highlights
  • 2 story interior corridor building with 16 immaculate guest rooms
  • 3.8 acres which allows for possible expansion or development
  • Adjoining home added in 2005 features beautiful open concept living/dining/kitchen area, Hard Wood Floors throughout, Fire Place, Master Suite, 2 guest bedrooms, 2.5 baths, heated garage, outdoor decks overlooking stream and mountains
  • Business Consistenly generates over $235K annually
  • NOI over $155,000
  • Asking Price $1.25M
  • New Roof
  • New Heating System
  • Completely renovated outdoor pool area
  • Newly repaved Parking lot
  • Entire property has beautiful mountain views
  • Only 15 minutes to skiing at Bromley and 30 minutes to Stratton Mountain
  • Only 10 minutes to Outlet Shopping and heart of Manchester

Location
Gallery