The Escape Inn | 1237 Route 28
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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!
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
- Operating and Financials
- Title and Insurance
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
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
Parcel Number | YARM-000060-000258 | Total Assessment | $721,000 (2024) |
Land Assessment | $218,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $502,500 (2024) | Tax Year | 2023 |
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) |
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The Escape Inn | 1237 Route 28
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