MLS#5045785
STATUSActive Under Contract
PROPERTY TYPECommercial - Investment
Listing Courtesy of:
Wetmore Real Estate
Agency Phone: 802-457-1515
Associate Name: John Wetmore
Property Description
The prime commercial location in well known Woodstock Village! A corner restaurant, in this landmark building, has historically been the favorite "watering hole" that almost every visitor to Woodstock easily remembers. While this 3 story building is certainly large in size, the scope of the development potential is even greater! Currently, the lower levels of the building are anchored by a 5000 sq. ft. restaurant/bar, a 1900 sq. ft. retail specialty store and a 800 sq. ft. real estate office. Current 2nd floor tenants are a law office, a real estate office and offices for the restaurant enterprise. Additional quality 2nd floor spaces are available, for retail or offices! A 3rd floor, with dramatic views of village life and distant hillsides, is a blank slate awaiting creative repurposing! Woodstock's Central Commercial zoning allows the possibility for mixed use of the property. The existing tenants are enthusiastic about the potential of the property and are advocates for the value of the location! Broad community support exists to encourage the renovation of the property. The acquisition cost is the 1st investment. The renovation expense will be substantial. A phased development approach, nurtured with an influx of cash flow generated by current tenants, could result in creation of a dynamic new anchor for the commercial center of historic Woodstock Village! The location is prime! The enormous potential is obvious! An entrepreneurial opportunity in Woodstock Village awaits!
Property Features
Property Type: Commercial - Investment
Basement: Climate Controlled, Concrete Floor, Partial, Partially Finished, Interior Stairs, Storage Space, Unfinished, Interior Access
Basement: Yes
Cooling: Wall AC Units, Mini Split
Heating: Electric, Forced Air, Gas Heater, Hot Air, Hot Water, P
Lot Size: 0.13 Acres
Roof Type: Membrane
Taxes: $27,345
Year Built: 1850
Feature Descriptions
Basement Access: Interior
Commercial Features: Fire System, Other, Phone System, Public Restrooms, Smoke/Heat Detectors, Heat Included, In-Unit Bathroom
Days on Site: 316
Equipment: CO Detector, Smoke Detector, Window AC, Air Conditioner
Exterior: Wood Frame, Brick Exterior, Stone Exterior
Foundation: Concrete, Stone
Lot: In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Near Skiing, City Lot, Corner, Level, Major Road Frontage, Mountain View, Neighbor Business, Rental Complex, Sidewalks, Street Lights, Trail/Near Trail, View
Parking: On-Site, Parking Spaces 2, Paved, Reserved
Road Frontage: 140
Sale Inclusions: Land/Building
Sewer: Public
Units: 13
Water: Public
Zoning: Central Commercial
Listed By / Shown By
Listed By
Agency Name: Wetmore Real Estate
Agency Phone: 802-457-1515
Agent Name: John Wetmore
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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3 Elm Street | MLS# 5045785
This commercial property located at 3 Elm Street, Woodstock, VT 05091 is currently listed for sale with an asking price of $2,200,000. Search Woodstock real estate on www.masiellogrouprealestate.com today.