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20766551
20766552

124 Elm St, Bennington, VT 05201

MK
VT 082.0117501
TPW Real Estate
Listed by TPW Real Estate
$1,250,000
506 days on market
Updated 9 days ago
Opportunity zone

South Shire Inn - SOUTH SHIRE a Little Hotel

Details
Property Type Business for Sale, Hospitality
Sub Type Business and Building, Hotel
Square Footage 6,388
Units 9
Beds 10
Cap Rate 8.88%
NOI $111,000
Pro-Forma Cap Rate 15.76%
Pro-Forma NOI $197,000
Price per SqFt $196
Broker Co-Op Yes
Class A
Year Built 1887
Year Renovated 1990
Buildings 2
Stories 3
Acreage 0.470
Zoning MU-1
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Established, successful and ready to take over! LUXURY INN for Sale | LOW INTEREST OWNER FINANCING

Marketing description

LEASE-TO-OWN OPPORTUNITY AVAILABLE. Seller is offering a rare lease-to-own structure for qualified buyers, providing a flexible path to ownership of the historic South Shire Inn at 124 Elm Street in Bennington, Vermont. This distinguished 1887 Victorian manor is ideal for owner-operators, hospitality groups, or investors seeking to control and operate a landmark property while building equity over time.

The main house features five well-appointed bedrooms, each with a private bath, along with expansive common areas including a grand living room, parlor, and formal entry, all showcasing period details and multiple fireplaces. A fully equipped commercial kitchen supports continued hospitality use or adaptive reuse. The third floor includes a separate apartment with kitchenette and three additional rooms, offering flexibility for owner occupancy, extended-stay units, or added rental income.

A detached carriage house provides four additional bedrooms and four bathrooms, suitable for guest accommodations, long-term rentals, staff housing, or multifamily-style conversion. The property also includes a restaurant space leased to a successful Thai restaurant serving lunch and dinner, providing an existing income stream.

Zoning allows for a broad range of uses including boutique inn, multifamily or mixed-use conversion, restaurant, bar/lounge, catering, professional offices, or residential use. Situated on approximately 0.47 acres within the village boundary and just two blocks from Main Street, the property is walkable to shops, dining, and cultural amenities.

This offering presents a unique opportunity to secure a prominent, income-producing property through a lease-to-own arrangement, with owner financing options also available for qualified parties.

Investment highlights

Turnkey Opportunity – This well-established and highly successful luxury inn offers a seamless transition for a new owner. With strong financial performance and an EBITDA of $128,000, this business presents an excellent investment opportunity.

Attractive Investment Metrics – The South Shire Inn offers a cap rate of approximately 9%, making it a compelling option for investors seeking strong returns in the hospitality sector. Detailed financials are available upon request.

Seller Financing Available – Flexible financing options make this an even more attractive acquisition, reducing capital requirements for qualified buyers.

Prime Location – Situated in a desirable and high-traffic area, this inn attracts both leisure and business travelers, ensuring consistent occupancy rates and revenue.

Impeccably Maintained – The property has been well cared for and updated, providing a blend of modern amenities with timeless charm. Guests enjoy a premium experience in an elegant setting.

Established Reputation – A strong brand presence, outstanding guest reviews, and a loyal customer base make this inn a proven success in the hospitality industry.

Growth Potential – New ownership has the opportunity to further expand revenue streams through enhanced marketing, events, and additional services.

Ready to Take Over – Fully operational with trained staff in place, making this a smooth and hassle-free acquisition for an investor or owner-operator.

Listing Contacts

MK
VT 082.0117501
TPW Real Estate
Listed by TPW Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$111,000.00
$9,250.00/mo

Valuation Metrics

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DSCR
8.88%
Cap Rate
8.88%
ROI

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