527 Sugarbush Access Road Warren, Vermont 05674

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For Sale Status
$950,000 Price
Multi Type
8 Beds
6 Baths
4,300 Sqft
Listed By Kris Lippi of Get Listed Realty
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Profitable multi-use real estate investment opportunity within Vermont’s Mad River Valley located by Sugarbush Ski Resort. This 2.5-acre parcel consists of three separate buildings. The main building is currently operating as a “To-Go” pizza business under a monthly lease. This building was completely remodeled in July 2008 and includes a 95-seat restaurant, large commercial kitchen, great bar area, breathtaking stone wood-burning pizza oven, office/storage space. It could continue as a restaurant or repurposed to become a special events center with rehearsal dinners/weddings, live music venue, a catering business model or commercial space. However, the building also lends itself perfectly to be converted into residential housing. Initial permitting discussions commenced with the Town of Warren DRB for a building conversion into a single-family dwelling or boarding house concept. The second structure comprises a 4-unit apartment building which includes (3) one-bedroom units and (1) three-bedroom unit. Apartment renovations and upgrades have been ongoing over the past 18 months. The third building is a 2-bedroom ranch that includes (2) bathrooms. Please note, the content of this listing refers to the restaurant building primarily. Square footage & general information on the 4-unit apartment building & 2-bedroom ranch is available. This is an ideal investment opportunity for a developer or an interested party looking for real estate rental income.

Property Location

Property Details

MLS#  4847923 Bedrooms  8 Garage Size   Car
List Price  950,000 Total Bathrooms  6 Year Built  1960
Type  Multi-Family Lot Size  2.5000 Acres Taxes $9,032
Units  5 Stories  2 Road Frontage  300
Annual Income  $0 Style  Apartment Building, Contemporary, Multi-Family, Multi-Level, Ranch, Near Skiing Water Frontage  
Annual Expenses  $0 Finished  4,300 Sqft Construction  No, Existing
Zoning   RR Above Grade  4,300 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Feb 19th, 2021
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $850/Monthly Unit 2   1 Beds, 1 Baths, $850/Monthly
Unit 3   3 Beds, 1 Baths, $1,300/Monthly Unit 4   1 Beds, 1 Baths, $850/Monthly
Unit 5   2 Beds, 2 Baths, $1,075/Monthly
ConstructionWood Frame
Basement
Interior Features
Exterior Features
Exterior  Wood, Clapboard Disability Features  
Foundation  Poured Concrete, Slab - Concrete House Color  Natural
Floors  Slate/Stone, Carpet, Hardwood Building Certifications  
Roof  Shingle-Asphalt, Metal HERS Index  
DirectionsRoute 100 to the Sugarbush Access Road. Turn onto the Access Road and about one half mile uphill on the left you will see a sign for the restaurant building (Open Hearth Pizza). Two additional apartment buildings are located behind the restaurant.
Lot DescriptionUnknown, Wooded Setting, Wooded, Wooded, Valley, Mountain, Neighborhood, Valley
Garage & Parking  No, , , Unpaved, On Site, Off Site, 21+ Spaces
Road Frontage  300 Water Access  
Driveway  Paved, Dirt Water Type  
Flood Zone  No Water Body  
Zoning  RR
School District  Harwood UHSD 19 Middle  Harwood Union Middle/High
Elementary  Warren Elementary School High  Harwood Union High School
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Wall Units, Vented Gas Heater, Hot Air, Wall Units Negotiable  
Sewer  1500+ Gallon, Private, Concrete, On-Site Septic Exists, Private Parcel Access ROW  Unknown
Water  Drilled Well, On-Site Well Exists ROW for Other Parcel  No
Water Heater  Electric, Gas-Lp/Bottle Financing  
Cable Co   Documents  Lease Agreements, State Wastewater Permit
Electric  3 Phase , 3 Phase Tax ID  69021912755
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† The remarks published on this webpage originate from Listed By Kris Lippi of Get Listed Realty via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.