78 Cream Hill Rd - Hospitality FOR SALE


Mendon, VT 05701
$1,374,000 USD
802-417-2311
78 Cream Hill Rd, Mendon, VT for Sale
$1,374,000 USD
Hospitality - FOR SALE
1/51
null | Request Cap Rate

78 Cream Hill Rd
Mendon, VT 05701


HIGHLIGHTS

  • Unobstructed Mountain Views
  • Traditional Farmhouse Style
  • Less than ten minutes to the largest ski resort in New England
  • Experienced wedding venue, host business conferences, retreats, or use for seasonal ski club lodging.

OVERVIEW

There’s nothing like it! This historic 1840’s farmhouse-turned-inn has been hosting guests ever since its conversion in 1940. This traditionally beautiful property features 16 uniquely decorated guest suites, 50 seat restaurant with a commercial kitchen with additional outdoor deck seating and an adjoining pub. Plus you can live on-site in the spacious 3-bed, 1-bath inn-keepers apartment. As for the shared common spaces; you’ll find a cozy lobby with an attached split level sun porch, in-ground seasonal pool, outdoor grill and fire pit, screened in porch with a hot tub off of the fitness center, an indoor steam sauna, 24/7 beverage center, game room, and library. The property currently sits on 5.1 acres and has a level lot with ample parking area. Located behind the inn is another 2.5 acre wooded/undeveloped lot that conveys with the sale. The potential for expansion is there! Already on the Alpine Pipeline, the inn is permitted for 10 ERUs, making it so you could almost double the capacity. The 16 suites are currently averaging $200 per night, making the potential estimated annual income just over $800,000 (at 70% occupancy). Operating expenses are around $200,000 thus far in 2025 with only lodging and continental breakfast being offered. This is a well-known location for weddings and retreats and could become another well-established restaurant servicing the Killington/Pico/Rutland area once again. Improvements have been regularly made since the last transfer of ownership in 2014; added AC/heat mini-splits to each guest suite, new carpeting in common areas, renovated first floor public restrooms from the studs up, updated electrical throughout, new cement pool surround and fencing plus updated pump shed, rebuilt front patio for outdoor seating, replaced exterior walkways and extended parking lot area, added the outdoor grill and fire pit, regraded drainage away from the foundation, and almost all sections of the roof have been repaired/replaced during that time. If you are looking for an investment that will grow with you, the Killington Mountain area is undergoing a massive transformation. A 3 billion dollar project has the greenlight to redevelop the Killington Mountain base lodges and add 700+ doors for condos, residences, shops, restaurants etc. expected to rival western ski resorts. Located only a short ten minutes from the base of Killington, no doubt you will benefit from this expansion. In-person showings are by APPOINTMENT ONLY; must contact the listing agent to schedule in advance. NEREN MLS#: 5062512 (Comm); 5062511 (Multi)

FOR SALE DETAILS

PRICE

$1,374,000 USD

PRICE/SF

$202 USD /SF

# OF ROOMS

15

PRICE/ROOM

$91,600 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vermont Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1840

PARKING SPACES

31

LAND DETAILS

LAND ACRES

7.6 AC

LAND SF

331,056 SF

ZONING

COMMERCIAL (C)

APN/PARCEL ID

384-119-12162

ASK ABOUT THIS PROPERTY

Kathryn ZambonReal Broker LLCMore Info
802-417-2311

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Kathryn ZambonReal Broker LLCMore Info
802-417-2311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.