3569 Route 30 Drive, Castleton, VT, 05739 | $1,995,000

A rare opportunity to own one of Vermont's premier waterfront restaurant properties, where exceptional business potential meets an unparalleled lakeside lifestyle. Set on over 430 feet of shoreline on beautiful Lake Bomoseen, this iconic destination includes a thriving seasonal restaurant, a stunning owner's waterfront apartment above the restaurant, three income-producing rental apartments, and a spacious garage/storage building across the street. Known for its vibrant atmosphere and spectacular lake views, the property has benefited from more than $1. 5 million in capital improvements in last 10 years, including over $500, 000 in recent upgrades featuring new docks, windows, siding, and roofing. Six private docks, plus an additional dock near Crystal Beach, provide exceptional waterfront access for guests and owners alike. For an owner-operator or chef, this is a once-in-a-lifetime opportunity to combine a successful hospitality business with an extraordinary quality of life. The restaurant enjoys strong seasonal demand and has the capacity to generate $20, 000+ revenue days during peak summer months, while the three residential apartments present an additional income opportunity of more than $50, 000 annually. Located on Lake Bomoseen—the largest lake entirely within Vermont, stretching approximately nine miles in length—this destination draws visitors throughout the boating season and offers continued growth potential. Whether you're looking to expand an established hospitality portfolio or fulfill the dream of owning a landmark waterfront restaurant, this exceptional property delivers an unmatched combination of location, lifestyle, and investment opportunity. Check out web page and social media. Agent is an owner.

Features

  • Zoning: commercial
  • Frontage: 790
  • Acreage: 1.14
  • Est. Taxes: $12,798
  • MLS#: 5097115
  • Website: https://www.raveis.com
    /prop/5097115/3569route30drive_castleton_vt?source=qrflyer
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Listing courtesy of TPW Real Estate   Phone: 802-366-1430
Listing Agent: Steven Bryant

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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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

3569 Route 30 Drive, Castleton, VT, 05739

$1,995,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,596,000 $1,596,000 $1,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.133% 6.183%
Monthly Tax Payment $1,067 $1,067 $1,067
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,062 $9,569 $13,468
Total Monthly Payment $10,253 $10,760 $14,659

* 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.