Property Information 101 Main Street
- Zip Code01969
- Sq. Ft.12, 168.00
- Parking Assigned
- Year Built1988
- Estimated Taxes$19, 436
Popular, profitable North Shore inn and spa business opportunity. Price includes the real estate, furniture, fixtures, supplies, systems and procedures used to market and operate this successful motel business. Property consists of 3.8 acres, 25 parking spaces, in-ground pool, spa and 8 buildings with office + 23 rental units + a 2,948 sf, 6 room, 3 bed & 2 bath rental single family home built in 1994 + resident manager's 3 room apartment located above the office. Grounds are professionally landscaped with an extensive irrigation system. All buildings have been updated over the past 5 years. Owners will transfer their engineering plans to add an additional 4 unit building whose sewer lines tie into building #8's septic system which was designed to accommodate this new building . Capitalization rate (return on investment) for this property is an attractive 9.9%. This Country Inn is a unique combination of lodging options in a quiet setting in the heart of Boston's North Shore.
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Listing courtesy of: Kathleen Sullivan, RE/MAX Advantage Real Estate