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18 North Main Street RouteWilmington, VT 05363MLS Number 4607528

  • Price: $895,000The price has recently decreased
  • 388 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-07-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 4.6Acreage
  • Village DistrictZoning
  • 868Road Frontage

OLD RED MILL,currently operating as a 24 GUEST ROOMS (60 guests) B&B on 4.6 acres with over 1,800' Frontage on both sides of the Deerfield River.The Mill Building is over 10,000 sq ft plus a full basement.This is an extraordinary opportunity to own a successfully operated Landmark property in the heart of the Historic Village of Wilmington,Vt,located approx.8 miles north of the Mass Border midway between Bennington and Brattleboro, VT.“The Mill” as it is known to locals offers a rustic atmosphere;2 bars,3 dining rooms and “deck seating” overlooking the Deerfield River in the warmer months. Restaurant closed 2015, licensed for 100 seats w/expansion possible.The downtown location is convenient not only for inn guests to walk to the many venues offered in Historic Wilmington but is also a great base location for visiting Mt. Snow and the Hermitage Club facilities. A big plus for this property is the 36 on site parking. Although it is common knowledge that Wilmington suffered severe damage due to Tropical Storm Irene in 2011,the Mill faired well,only the basement housing the mechanical components was impacted. The benefit to a new owner is that the building has a new 600 amp electrical system, new hot water heaters, new heating and central air conditioning systems throughout, AND is fully Sprinkled.Being sold as is &includes most FF&E.Present owners in residence for 43 yrs. The real estate office adjacent to the south side of the Mill building is not included in this sale.

Listed by Dick Palmer of Hospitality Consultants, LLC

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More Info

Basic Information

  • Modification Date11/02/2017
  • List Price$895,000
  • Date Listed2016-11-01T00:00:00
  • StatusACT
  • MLS Number4607528

Interior

  • BasementConcrete Floor, Dirt Floor, Full, Stairs - Interior, Storage Space, Sump Pump, Unfinished

Amenities

  • Accessibility AmenitiesAccess Common Use Areas, Access Parking, Access Restrooms, Bathroom w/Step-in Shower

Location

  • Zip05363
  • StateVT
  • Building Number18
  • TownWilmington
  • CountyWindham
  • StreetNorth Main Street

Exterior

  • ExteriorWood Siding

Utilities

  • FuelElectric, Gas - LP/Bottle
  • Heating CoolingElectric, Forced Air, Multi Zone

Building

  • Square Feet10000
  • Year Built1828
  • Rail Available Y/NNo
  • Units1

Property

  • Property TypeCommercial Sale
  • Road Frontage868
  • ZoningVillage District
  • Lot Sqft200376
  • TypeHospitality
  • SignageAdequate
  • Acreage4.6

Other

  • Broker NameHospitality Consultants, LLC
  • Agent NamePalmer
  • bloggingNo
  • AC percent100
  • Book71
  • Transport AccessState Highway, Paved
  • Page352
  • Delayed ShowingsNo
  • Number of Photos31
  • View Count37
Broker Reciprocity

Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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