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The Escape Inn 1237 Route 28

20 Room Hotel South Yarmouth, MA 02664 $2,280,000 ($114,000/Room)

Investment Highlights

  • Mint conditions throughout the entire property and grounds.
  • Proximity to all attractions including restaurants, bars, outdoor attractions and water.
  • Property includes 19 total rooms with similar build-outs and one optional cottage.
  • Mid Cape convenient location with heavy daytime traffic and tourism.
  • Residential development plot with over 18,000 square foot buildable along 1.2 acres included with the sale!
  • Historically noted to have over $590,000 in gross seasonal sales.

Executive Summary

Welcome to The Escape Inn, a beautifully maintained 19-room hotel located at 1237 Route 28, South Yarmouth, MA, in the heart of Cape Cod. This property offers an excellent investment opportunity with its prime location on a high-traffic route, attracting a steady stream of tourists and visitors year-round.
The hotel features two spacious junior suites with two queen beds and seating areas, 11 king rooms, and 6 queen rooms, each equipped with private bathrooms, refrigerators, TVs, heat pump/AC units, coffee makers, and beach-themed decor. Additional amenities include a well-maintained swimming pool, beautifully landscaped grounds, a welcoming lobby/breakfast area, and a dedicated owner’s apartment.
The Escape Inn has demonstrated strong financial performance, with 2023 gross sales of $540K (after Rooms Tax), achieved by operating only six months per year. There is potential for additional revenue by extending the operating season. The property also includes a charming cottage available for purchase for $420K (in addition to the hotel price), which has been part of the hotel’s inventory and generated approximately $40,000 per season (included in the above referenced gross income), contributing to the overall revenue.
An added asset is a 18,000 sq. ft. plot of land, zoned residential, attached to the hotel. This plot offers a development opportunity to build a single-family home, adding further value to the property.
This turnkey property is ideal for investors looking to capitalize on Cape Cod's thriving hospitality market. With its solid reputation, excellent condition, and multiple revenue opportunities, The Escape Inn is ready for new ownership to continue its success and expand its potential. Don’t miss this rare opportunity!

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $2,280,000
Price Per Room $114,000
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 1.46 AC
Building Size 50,000 SF
No. Rooms 20
No. Stories 2
Year Built/Renovated 1965/2017
Parking Ratio 0.56/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Pool
  • On-Site Security Staff

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 $195.00 -
Guest Room 17 $137.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
YARM-000060-000258
Land Assessment
$218,500 (2024)
Improvements Assessment
$502,500 (2024)
Total Assessment
$721,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code Commercial (Commercial)
Commercial (Commercial)
  • Listing ID: 32975962

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 1237 Route 28, South Yarmouth, MA 02664

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