Mad River Valley Real Estate

919 B Route 100, Hancock, VT

List Price: $1,000,000
Bedrooms:
Bathrooms:
Sq. Ft.: 3874
Acres: 1

Mad River Valley Real Estate

5513 Main St, Waitsfield, VT 05673
Phone: 802-496-5000
Email: [email protected]
Website: www.mrvre.com

Rare turnkey mixed-use investment opportunity along Vermont's scenic Route 100 corridor. This versatile 3,874 SF property (4,954 SF total) functions as two fully independent residences connected by a breezeway, with potential for 1--2 additional units. Ideal for short-term rentals, co-living, group housing, or owner-occupied income generation, with strong potential for commercial uses such as a bed & breakfast, retreat center, professional offices, wellness facility, or continued care operation (subject to approvals). The property offers 16 rooms with 9--10 bedrooms and 3.5 baths, supporting multiple revenue streams and flexible configurations. Formerly a licensed Level 3 assisted living facility, it includes infrastructure suited for commercial or institutional use: sprinkler system, backup generator, and high-speed internet. Extensively updated since 2022 with new roof, boiler, flooring, fresh interior paint, and updated appliances--minimizing near-term capital needs. The main residence features 4 bedrooms, 1.5 baths, large kitchen, formal dining, living room, enclosed porch, deck, and oversized laundry/storage. The auxiliary residence includes a first-floor 2--3 bedroom suite with full bath and common living area, plus a separate 3-bedroom second-floor apartment with full bath, kitchenette, recreation room, and deck. A 1,080 SF walk-up attic adds value-add potential--ideal for a primary suite, office expansion, or additional apartment (subject to approvals). Set on a level 1-acre lot with mountain views and parking for 10+ vehicles, directly across from Hancock Town Green and walkable to village amenities. Conveniently located 20--40 minutes to Sugarbush, Mad River Glen, Pico, and Killington, offering strong year-round demand from skiing, golf, hiking, and tourism. A flexible, income-producing asset with immediate usability, commercial upside, and long-term growth potential.

Listed by Lisa Friedman of Great American Dream Realty