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456 US Route 5 S, Fairlee, VT, 05045 | $325,000
Home to a long-standing local restaurant that has served the Fairlee community for over 30 years, this highly visible commercial property is located directly on Route 5, just minutes from Interstate 91 and nearby Lake Morey. Currently operating as a dine-in and takeout restaurant, the property is set up with a commercial kitchen that includes ovens, fryolators, mixers, hood vent systems, a walk-in cooler, refrigerators, and more. Additional features include over 10 paved parking spaces, dual entrances, mini-splits for cooling, two half baths, and a level lot with excellent roadside visibility. Located near Lake Morey, Lake Fairlee, local summer camps, the Connecticut River, and the New Hampshire border, the property benefits from steady traffic from both locals and visitors throughout much of the year. There may also be potential for residential or mixed-use conversion pending approval. A unique opportunity in a well-traveled location with strong community presence and a variety of future possibilities. Come see what this property has to offer you.
Features
- Construction: Wood Siding
- Parking: On-Site,Parking Spaces 1 - 10,Parking Spaces 5 - 10,Parking Spaces 6+,Paved,Unassigned
- Heating: Hot Air,Mini Split
- Cooling: Mini Split
- Units: 1
- Zoning: None
- Frontage: 120
- Year Built: 1965
- Acreage: 0.28
- MLS#: 5089885
- Website: https://www.raveis.com
/prop/5089885/456usroute5s_fairlee_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/25/2026Listing courtesy of KW Coastal and Lakes & Mountains Realty/Hanover Phone: 603-610-8500
Listing Agent: Randy Snelling
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
456 US Route 5 S, Fairlee, VT, 05045
$325,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,601 | $1,642 | $2,159 |
| Total Monthly Payment | $1,676 | $1,717 | $2,234 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484