1667 Exeter Road, Lebanon, CT 06249 (MLS # 170601698)

Price $6,500,000
Status Active
Size 40,000 sqft
Lot Size 71.00 ac
Days on Market 218
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.
Property Type(s): Commercial
Last Updated 10/7/2023 Year Built 1960
County New London

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
HEAT Hot Water, Oil, Propane
LOT 71 acre(s)
LOT DESCRIPTION Wooded
SEWER Septic Tank
TAXES 19563
UTILITIES Cable Available
WATER Well
ZONING RA

Location

 

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