Twin City Motel, Barre, VT

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30716181
Property Subtypes: Motel
Status: Pending
Number of Units: 1 Units
Building Size (RSF): 6,373 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $1,200,000 Per Unit
Property Use Type: Net Leased Investment (NNN)
Name of Establishment: Twin City Motel
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/13/2021

Overview / Comments

Here is your opportunity to invest in a unique property located in a prime location in Berlin near I89 and other National Retailers.​ This is one of the last opportunities to develop a prime parcel of +/- 2.51 acres of land in this highly sought after area with 562' of major road frontage on the Barre-Montpelier Road with a high traffic count, currently subdivided into 3 lots.​ Lots of permitted uses exist on this large corner location.​ This is the current location for the Twin City Motel which has existed for 48 years.​ Also included in the sale is a Residential Property consisting of 3 bedrooms and 2 bathrooms with 2627 square feet of living space, ideal as a home or expanded office space.​

Additional Details

Nearest MSA: Barre
County: Washington
Tax ID/APN: US302-010.
Retail Clientele: Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 562
Area Description: Business District, Commercial Zoning, In Town, Near Golf Course, Near Shopping, Near Public Transportation.
Year Built: 1950
Construction/Siding: Wood Siding
Zoning Description: Highway Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,128 15,574 27,599
Median Age: 41.31 41.66 42.87
Households: 515 7,045 12,202


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