Listing courtesy of Michael Granger, Granger Real Estate 802-365-7600
829 Marlboro Rd, Brattleboro, VT, 05301
1957
4,774 sqft
On 4 acres, back and above the highway, this well known motel has a great business and large owners' quarters. It has evolved to being mostly rented by the week with very little turnover. For the last 2 years it's averaged about 92% occupancy. This lucrative home and business also means the owner only spends about 10 hours a week actually running the business. It's perfect for and owner occupied business or an investor could put a manager in place in exchange for management and the housing. This evolved motel provides a much needed service for long term guests looking to simplify their lives with refrigerators, microwaves, utilities, WiFi, cable TV and local/long distance phone included in the price. The owners' quarters includes a large lobby with front desk and fireplace, eat-in kitchen, living room, 2 bedrooms, full tiled bathroom, laundry and spa room with hot tub, shop and garage. This lucrative business last year grossed over $136k with an NOI of over $95k.
Status:
Active
Type:
Commercial
Units:
14
Zoning:
Brattleboro
Frontage:
755
Heating:
Baseboard, Oil
Parking:
Parking Spaces 11 - 20, Parking Spaces 21+
Est. Taxes:
$6,258
Construction
Masonry,Wood Frame,Block Exterior,Wood Siding
Elementary School:
487500
School District:
Sonntag
MLS #:
4314878