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Killington Vermont Development 101 Nanak Way 72 Room Hotel Killington, VT 05751 $1,650,000 ($22,917/Room)

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INVESTMENT HIGHLIGHTS

  • Well located on the base of the largest ski resort in the east
  • Killington expansion under way
  • Property values and demand remain strong in resort destination areas
  • Utilities on site - public water approved by the town , public waste management on site
  • Branding opportunities with major hotel companies
  • Approved plans for a dynamic 72 room independent lodge

EXECUTIVE SUMMARY

31,000 sq foot building on 6 plus beautiful acres on the Killington access road just minutes to the largest ski resort in the east. The building was approved for use as a 72 room Inn, subject to the build out and final approval from the state. Other possibilities are a hostel and multi family development.There is a significant demand for work force housing in the area due to the expansion of the resort . Municipal water and sewer .

PROPERTY FACTS

Price $1,650,000
Price Per Room $22,917
Sale Type Investment
Sale Conditions
Distress Sale
  • Lease Option
  • Deferred Maintenance
  • Building in Shell Condition
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 6.42 AC
Construction Status Under Construction
Building Size 31,000 SF
No. Rooms 72
No. Stories 3
Year Built 2027
Parking Ratio 4/1,000 SF
Corridor Interior
Zoning Commercial/Residential - Suitable for most commercial uses , hospitality, condos, apartments as well as educational/ training purposes

AMENITIES

  • High Speed Internet Access
  • Patio
  • Boutique/Lifestyle Hotel
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 72 $167.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
588-185-13618
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$457,200
  • Listing ID: 25454551

  • Date on Market: 4/12/2022

  • Last Updated:

  • Address: 101 Nanak Way, Killington, VT 05751

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