1002 QUARRY ROAD Isle La Motte, VT 05463 | Commercial Sale | Business, Development, Hospitality, Investment, Opportunity

$1,350,000

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2.8 acres
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Description

Rare opportunity to own this landmark Lake Champlain waterfront property situated on nearly 3 acres, offering stunning panoramic views of the Green Mountains, North Hero Island & Mt Mansfield! Since the 1950's the property has been continuously operated by the same family as the Ruthcliffe Lodge & Restaurant. With 610 feet of direct waterfront including deep water access, this magnificent property has many outdoor gathering areas, gardens, a 100 foot dock to accommodate most boats, a floating dock for swimming, 4 boat moorings and a beautiful awning deck overlooking the lake that can easily seat 30-40 people. The main lodge has 4 guest rooms and is able to accommodate up to 25 diners as it is fully equipped with a commercial kitchen and full Bar! Additionally, there are 6 detached motel style suites separate from the lodge for guests with sweeping lake views & wonderful accommodations. Permitting has been obtained for an additional 4 seasonal cottages to expand the resort. Continue to operate this successful restaurant/inn with a loyal customer base or use the property as a great summertime family compound, corporate company retreat, short term rental property, wedding venue and so much more! Just an hour from Burlington & Montreal, the assets of this very successful business are being sold fully turn-key including deeded and surveyed land and improvements, business name, website, social media presence and any future reservations on the current books for next season!

Property Details

List Price $1,350,000 List Date 2024-02-12 MLS ID 4984847 Status Active Property Type Commercial Sale Business Type Business, Development, Hospitality, Investment, Opportunity County VT-Grand Isle Days on Market 3

structure

basement No Total Baths 0 building area units Square Feet cooling None Features Exterior Business Type Business, Development, Hospitality, Investment, Opportunity heating Hot Air living area units Square Feet roof Metal year built 1951

characteristics

current use Bed/Breakfast, Business w/ Real Estate, Food Service Acres 2 lot size area 2.8 Lot SqFt 121968.0 # of Units 7 possible use No view Lake view y n Yes water body name Lake Champlain waterfront features Yes waterfront y n Yes

tax

tax annual amount 16230.84 tax year 2023 zoning None

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 2/15/2024 10:55:49 PM (UTC)