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141 Beach Rd
Salisbury, MA 01952

The Salisbury Inn & Motel · Hospitality Property For Sale · 30 Rooms

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class C
Lot Size 3.90 AC
Building Size 22,830 SF
No. Rooms 30
No. Stories 1
Year Built 1960
Parking Ratio 3.29/1,000 SF
Corridor Exterior

About 141 Beach Rd , Salisbury, MA 01952

This is a great opportunity for an owner operator or a savvy investor. The cap rate of 10.3 has been determined using a mortgage payment based upon a 70% loan to value ratio. The property consists of 19 buildings on the 3.9 acre site. There are 31 motel units, one owner apartment, one wood frame cottage, 14 mobile homes, 1 mobile home is owned by the tenant who rents the land it sits on and there are two recreational vehicles that rent the land only. The current owner has owned and operated the property for over 42 years and he has decided to retire and pass this profitable business on to the next owner. Call Doug Danzey for more information 617-823-4445

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
SALI-000025-000000-000025
Land Assessment
$700,200
Improvements Assessment
$1,231,600
Total Assessment
$1,931,800

zoning

Zoning Code 1
1
  • Listing ID: 13637140

  • Date on Market: 8/30/2018

  • Last Updated:

  • Address: 141 Beach Rd, Salisbury, MA 01952

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