Views
Listing Provided Courtesy Of:
Dick Palmer with Hospitality Consultants, LLC.
Address
4182 Waterbury Stowe Road Waterbury, VT
Price
$ 1,250,000
Property Attributes
  • MLS#4760190
  • TypeCommercial
  • CountyWASHINGTON
  • CityWaterbury
  • AreaWashington
  • Zip05677
  • StyleHospitality
  • Year Built1820
  • Taxes8663
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4200
  • Lot Size4.2 Acres
Listing Provided Courtesy Of:
Dick Palmer with Hospitality Consultants, LLC.
Property Description

One of the most successful operating restaurants in the Stowe/Waterbury area, located 5 minutes from Stowe and I-89. Michael's on the Hill is the only fine dining restaurant in the area. A new buyer is not bound to this type venue. The circa 1820 farmhouse was first converted to a restaurant in approximately 1983 as the Villa Tragara restaurant. Michael and Laura purchased the property in 2002 and have made extensive renovations and upgrades. Beside having an excellent location, Michael's offers a beautifully refurbished, 1820 barn which provides for additional seating and a venue for functions up to 76 patrons. In warmer weather the patio offers seating. The porch, barn and the patio offer beautiful views of the Green Mountains and sunsets. The property has been well maintained inside and out. There are many possibilities for expansion on this 4.2 acre site with views. Recently paved driveway adds to the curb appeal of the property. It is important to note that the financial numbers support the price. We are happy to share a very complete brochure to qualified buyers. Sellers request buyers to sign a confidentiality agreement and provide financial information to prove their ability to purchase before we can release their financial information which are in the brochure. Banks today require a minimum of 20% down.

Price History
6/21/2019 Listed $1,450,000
6/21/2019 2% - $1,425,000
2/25/2020 13% - $1,250,000

General Features

Building Name Michael's On the Hill, Restaurant
Building Number 4182
Construction Post and Beam, Wood Frame
Cooling Central AC, Mini Split
Electric 200 Amp
Features - Accessibility 3 Ft. Doors, Access Common Use Areas, Access Parking, Zero-Step Entry Ramp
Features - Commercial Furniture Included, Phone System, Public Restrooms, Windows - Glazed
Flood Zone No
Heating Forced Air, Mini Split
Listing Area VT-Washington
Parking On-Site, Parking Spaces 21+, Unpaved
Price Per Sq Ft 297.62
Road Frontage Yes
Roof Metal, Shingle - Asphalt
Sewer Leach Field, Leach Field - On-Site, Replacement Field-OnSite, Septic
Status Active
Tax Year 2018
Transport/access State Highway, Paved
Type Commercial Sale
Utilities Cable - At Site, Gas - LP/Bottle, Telephone At Site
Water Cistern, Drilled Well, Purifier/Soft
Year Built 1820
Zoning RT 100 Zone

Interior Features

Basement Yes
Basement Access Type Interior
Basement Description Concrete, Concrete Floor, Gravel, Partial, Stairs - Interior, Storage - Locked, Storage Space, Walkout, Interior Access, Exterior Access
Equipment Dehumidifier, Smoke Detector, Air Conditioner
Gas - Natural Available No
Heating Fuel Electric, Gas - LP/Bottle, Oil

Exterior Features

Exterior Clapboard, Wood
Foundation Concrete, Fieldstone, Stone
Lot Description Country Setting, Interior Lot, Landscaped, Rolling, Sloping, View, Wooded
Lot Size Area 4.2
Road Frontage Length 300

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 05677

Statistics provided by Inside Real Estate

Price
AVG $1.25M
$1.25M
Taxes
AVG $8,663
$8,663
Visits
AVG 24
23
Year Built
AVG 1820
1820

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