119 Main Street Ludlow VT 05149 Commercial $1,950,000

$1,950,000 | $300 per sq.ft. Commercial Property, in 119 Main Street Village of Ludlow in Town of Ludlow VT | Space type Business w/ Real Estate Homestyle restaurant subdivision, MLS# 5020926

Listed by Dick Palmer Hospitality Consultants, LLC on November 2nd 2024
119 Main Street Ludlow VT 05149

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.

Building Type : Hospitality

Misc : Fire System | Furniture Included | Public Restrooms

Sale Includes : Barn | Land/Building/Business
Signage-| Adequate
Traffic Count-|
Price per SQFT | 299.54 Net Income| 0
Management Expense-| $0
Insurance Expense -| $0

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FEATURES AND DETAILS

LAND INFORMATION

ADDITIONAL INFORMATION

Lot size: 0.26 acres
Zoned: Village Commercial
Flood Zone: Yes
Road Frontage: 62

Taxes $9,923 | Assesed Value $0 in

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