3 Elm StreetWoodstock, VT 05091Price: $2,200,000

The prime commercial location in well known Woodstock Village! A corner restaurant, in this landmark building, has historically been the favorite "watering hole" that almost every visitor to Woodstock easily remembers. While this 3 story building is certainly large in size, the scope of the development potential is even greater! Currently, the lower levels of the building are anchored by a 5000 sq. ft. restaurant/bar, a 1900 sq. ft. retail specialty store and a 800 sq. ft. real estate office. Current 2nd floor tenants are a law office, a real estate office and offices for the restaurant enterprise. Additional quality 2nd floor spaces are available, for retail or offices! A 3rd floor, with dramatic views of village life and distant hillsides, is a blank slate awaiting creative repurposing! Woodstock's Central Commercial zoning allows the possibility for mixed use of the property. The existing tenants are enthusiastic about the potential of the property and are advocates for the value of the location! Broad community support exists to encourage the renovation of the property. The acquisition cost is the 1st investment. The renovation expense will be substantial. A phased development approach, nurtured with an influx of cash flow generated by current tenants, could result in creation of a dynamic new anchor for the commercial center of historic Woodstock Village! The location is prime! The enormous potential is obvious! An entrepreneurial opportunity in Woodstock Village awaits!