Village of Ludlow in Town of Ludlow VT For Sale $1,500,000

List Price:$Commercial Property
Price Change! reduced by $450,000
down 30% on January 24th 2025
$1,500,000 | $230 per sq.ft.
119 Main Street Village of Ludlow in Town of Ludlow VT | Space type Business w/ Real Estate
MLS# 5020926
Listed by Dick Palmer Hospitality Consultants, LLC on November 2nd 2024
DESCRIPTION
Trip Advisor#1 Rated restaurant in Ludlow. A turnkey operation ready for any restaurateur, hotelier or investor looking to own a year-round cash-flowing mountain town destination from afar or operate it themselves. Homestyle Restaurant is in the middle of the touristy hustle and bustle of Okemo Mountain's main street less than a mile from the main ski lodge. Zoned/licensed as a restaurant and hotel since 2014 but currently operating solely as "one of the Okemo Valley's best-reviewed and most-booked restaurants" since converting all lodging rooms to dining rooms during the pandemic. Currently operates dinner service four days per week (4pm-9pm), 44 weeks per year. First level features a full bar and main dining room, upgraded commercial kitchen; second level has additional five private dining rooms; and outdoor "al fresco" dining on the wraparound porch adds extra ambiance May-October. Typical weekends are fully booked, serving 120-180 people per evening. A proven, consistent cash-flowing restaurant enterprise, plus opportunities to enhance and/or expand across event, meeting and lodging revenue streams. Updated building plus all equipment, assets, trademarks, promotion/web site customer databases, etc. The possibilities at Homestyle are numerous. All prospects will be asked to fill out the Prospect Information Package.
Sale Includes : Barn | Land/Building/Business
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 230.41
CONSTRUCTION
Wood Frame
Price Per SQ.FT. 230.41
Year Built: 1835
Basement: Partial
Building Type: Hospitality
Roof: Metal
Garage And Parking: On-Site | On Street
Road Frontage: 62
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Gas - LP/Bottle | Multi Phone Lines
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Lot size: 0.26 acres
Zoned: Village Commercial)
Flood Zone: Yes
Road Frontage: 62
ADDITIONAL INFORMATION
Taxes $9,923 | Assesed Value $0 in

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