Listing Provided Courtesy Of:
Dick Palmer with Hospitality Consultants, LLC.
Address
182 US 4 Route Rutland Town, VT
Price
$ 975,000
Property Attributes
  • MLS#4761903
  • TypeCommercial
  • CountyRUTLAND
  • CityRutland Town
  • AreaRutland
  • Zip05701
  • StyleBusiness,Hospitality,Retail
  • Year Built1970
  • Taxes7110
  • Price$ 975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3600
  • Lot Size1.19 Acres
Listing Provided Courtesy Of:
Dick Palmer with Hospitality Consultants, LLC.
Property Description

Very fast paced operation, not uncommon to have waiting lines for up to an hour to get in. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building contains 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.

Price History
6/29/2019 Listed $975,000

General Features

Building Name Johnny Boys Pancake House
Building Number 182
Cooling Central AC
Electric 200 Amp
Features - Accessibility Access Parking
Features - Commercial Furniture Included, Public Restrooms, In-Unit Bathroom
Heating Baseboard
Listing Area VT-Rutland
Parking Off-Site, Parking Spaces 21+, Unassigned
Price Per Sq Ft 270.83
Road Frontage Yes
Sewer Public
Status Active
Tax Year 2019
Transport/access Public Transportation, State Highway, Paved
Type Commercial Sale
Utilities Cable - At Site, Gas - LP/Bottle
Water Public
Year Built 1970
Zoning comm

Interior Features

Basement No
Equipment Air Conditioner
Gas - Natural Available No
Heating Fuel Gas - LP/Bottle
Total Number of Units 1

Exterior Features

Exterior Block, Brick
Lot Description Interior Lot, Neighbor Business
Lot Size Area 1.19
Road Frontage Length 100

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 05701

Statistics provided by Inside Real Estate

Price
AVG $280K
$980K
Taxes
AVG $7,381
$7,110
Visits
AVG 6
4
Year Built
AVG 1938
1970
Walkscore
AVG 55
33
Data Provided by Walkscore ® not using MLS data

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