14 Unit Motel In the Beautiful The Berkshires

Berkshire, MA
Berkshire County

TOURIST AREA


Asking Price: Annual Revenue:
$1,250,000 $240,000

Commercial Real Estate: Multi-Family


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RE: 14 Unit Motel In the Beautiful The Berkshires Broker: Dennis Serpone
License #: 70243B
Owner Financing is Available!
Seller-financing may be available for a seasoned operator.

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $240,000
Net Profit: $175,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 271619596
Broker Reference #: Not Disclosed

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Business Overview:

CLASSIC MOTEL-MOTOR INN ON MAJOR, NUMBERED ROUTE INTO TOWN

LOCATION: BERKSHIRES...YEAR-ROUND HEAVY TOURIST AREA

SELLING PRICE: $900K for 14-rm motel ......... COST/KEY: $72,500
$350,000 for 3-bdrm house/office

ANNUAL SALES VOLUME: $240,000
NO. OF UNITS/ROOMS: 14 units

REAL ESTATE:
Plot Plan available: yes Lot size: 2.95 acres with long hwy frontage

Annual RE tax: $16,000/year.

Town sewerage. Large pool
No. of Parking spots: 35

COMMENTS: Located on the major road leading into this popular Berkshire town with tourist, hikers, leaf peepers, skiers, and antique hunters populating the restaurants, gift shops, and motels throughout the region. This is the perfect place to retire yet keep the blood flowing managing this simple operation.
The house was totally recently renovated with hardwood floors throughout.
Property is also well-suited for redevelopment...shopping ctr, apts., condos.

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Property Features and Assets:

14 motel units, and a beautiful owner's house and office. Located on THE major road in the area.

Market Competition and Expansion:

Typical competition for a tourist area.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

Relevant Links:

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