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1667 Exeter, Lebanon, CT 06249
   
1667 Exeter, Lebanon, CT 06249
INVEST,RESINC | Hotel | 40,000 Sqft

$6,500,000
180 Days on Market - Active


Welcome to the historic spa at grand lake, now known as the hotel at grand lake! nestled on 71 pristine acres overlooking lake williams, this seven building resort property offers an amazing opportunity for a new owner with current rental income in place. the hotel currently offers 55 rooms for guests, with an additional 30 rooms awaiting remodel. this property would make a great conversion to a multifamily project with many amenities. a short walk thru the woods brings you to brewster pond, allowing visitors easy access to fishing, kayaking, and paddle boarding. the grounds include an indoor and outdoor pool, large banquet hall, full-sized restaurant-capacity kitchen, and beautiful views of the lake. also there is an additional restaurant and bakery building. also included is a 2,700 sq ft contemporary single story 3-bedroom home with open concept layout and a full floor-to-ceiling brick fireplace in great room. the single family home includes a 3-car detached garage. rooms are currently rented on a weekly basis with approx. 35 of the 55 rooms rented. gross income currently $40,000 per month for the 35 rooms rented.

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Details
  • 80 Units
  • 71.00 Acres
  • Built in 1960

Sqft
  • 40000 Total Sqft

Parking
  • 0 Total Spaces

Location
  • Some Wetlands
  • STRD

Business

    Financials
      - No Data -

    Utilities
    • Hot Water
    • Oil, Propane
    • Private Well
    • Septic

    Taxes
    • $674,600 Assessment
    • 29.00 Mill Rate
    • $19,563 Taxes

    Source
    • CT Smart MLS
    • MLS ID 170601698

    Real Estate Agent


    Map of 1667 Exeter, Lebanon, CT 06249

    Directions to 1667 Exeter, Lebanon, CT 06249
    Rte 66 East, right on Rte85 S, left on Rte 207 E, 2miles on right, meet in back parking by office.

    Go To Google Maps for Directions


    Mortgage Calculator
    Loan Type: 30yr Fixed   |   Interest Rate: 7.22%   |   Purchase: $6,500,000   |   Downpayment @ 20.00%: $1,300,000

    Mortgage Payment Estimate
    for a 30yr Fixed Rate Loan

    Monthly
    $36,998


    Monthly Cost Estimate: $36,998
    • Mortgage: $35,367
    • Taxes: $1,630
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    Yearly Cost Estimate: $443,972
    • Mortgage: $424,409
    • Taxes: $19,563
    • Insurance: $0
    • HOA: $0
    • Utilities: $0

    30yr Cost Estimate: $14,619,160
    • Mortgage: $12,732,270
    • Taxes: $586,890
    • Insurance: $0
    • HOA: $0
    • Utilities: $0
    • Downpayment: $1,300,000

    Go To Mortgage Calculator

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    This real estate listing for sale at 1667 Exeter is presently used as with 40000 total sqft and was built in 1960. It is located in the Lebanon, CT area with the 06249 zip code. For more info about the property at 1667 Exeter, Lebanon, CT 06249 or if you would like to schedule a showing, please contact the listing agent above.

    Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.