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General Property Information
- Price:
- $1,250,000
- Property Status:
- Active
- County:
- VT-Washington
- Agency/Brokerage:
- Dick Palmer
Hospitality Consultants, LLC
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.
Property Features
- Year Built:
- 1820
- # of Stories:
- Road Frontage:
- 300
- Zoning:
- RT 100 Zone
- Acres:
- 4.20
- Total Sq ft:
- 4200
- # of units:
- Parking:
- On-Site,Parking Spaces 21+,Unpaved
- Basement:
- Concrete,Concrete Floor,Gravel,Partial,Stairs - Interior,Storage - Locked,Storage Space,Walkout,Interior Access,Exterior Access
- Location:
- Exterior Features:
- Clapboard,Wood
- Sales Includes:
- Barn,Land/Building/Business,Building
- Roof Style:
- Metal,Shingle - Asphalt
- Type:
- Food Service
- Misc:
- Furniture Included,Phone System,Public Restrooms,Windows - Glazed
- Foundation:
- Concrete,Fieldstone,Stone
- Fuel:
- Heating & Cooling:
- Forced Air,Mini Split
- Floors:
- Financing:
Other Information
- List Date:
- 2019-06-21
- Last Updated: