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Popular, Profitable North Shore Inn for Sale
101 Main Street, Rowley, MA - $1,600,000
Popular, profitable North Shore inn. Price includes the real estate and the business with its furniture, fixtures, supplies, systems and procedures used to operate this successful motel. The property includes 3.8 acres, 25 parking spaces, in-ground pool, spa and 8 buildings with 23 rental units, a 2,948 sf 6 room 3 bed 2 bath rental single family built in 1994 and a manager's 3 room apartment. The grounds are professional landscaped with an extensive irrigation system. The buildings have been updated over the past 5 years. Owners will transfer plans to add 4 unit bldg. Cap rate (ROI) is 9.9%. Unique combination of lodging options in quiet setting in the heart of Boston's North Shore on scenic route 1A. This location allows guests to easily travel to the high points of the area, including Salem, Ipswich, Gloucester, Rockport, Newburyport, Boston, and the coasts of New Hampshire and southern Maine.
Exclusively offered at $1,600,000.
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Call Kathleen Sullivan for your private showing at 978-927-9199.
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