Calling all entrepreneurs! This bed & breakfast / hospitality property has 3 buildings, 20+ bedrooms, a restaurant and bar, 2 commercial kitchens, wine cellar, a ballroom and an incredible amount of untapped business potential. A repositioning plan shows the potential for almost $5M in revenue generation with an arguably conservative business plan. Potential business operations at this property include: hotel rooms, restaurant and bar, weddings, special events, conventions, fairs, a spa and so much more. This property and business are currently underutilized and an owner / operator with the right vision could turn this property in to a regional destination. The Inn is setback from the main road, Torrington Road (Rt202) and comprises a triangular property of 9.9 acres bounded by Torrington Road, Tollgate Road and Wilson Road. The entire rear two thirds of the property is undeveloped and wooded. Some of the trees are tapped for maple syrup which is produced by a small sugar shack about one half mile up Wilson road. The town of Litchfield is know as a quintessential New England Village and the Inn is 2.5 miles from the Litchfield town green. The area is known for its antiques, artisans and outdoors activities, and yet it is within 100 miles of New York City and 130 miles of Boston. Bradley Airport is within a 1-hour drive.
Single-familyProperty Type
1990Year Built
9.9 acresLot Size
$111Est. Price/Sq.Ft.
Listed by Chadwick Ciocci• Kinard Realty Group Commercial
Bought with Lori Montazella• BHGRE Shore & Country
Source:Smart MLS #170455034
Redfin Estimate
$1,607,949
$358K since sold in October 2022$146K since August
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This home's estimate is 193.1% higher than the average sale price ($549K) of 6 comparable homes.