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151 Smead Hill Rd
6 Room Bed and Breakfast Greenfield, MA 01301 $1,295,000 ($215,833/Room) 13.91% Cap Rate
Investment Highlights
- Under utilized... the B&B is ready to go: Just turn it on
- Quietly located in the Heart of Western Massachusetts... attractions, restaurants, retail, museums, ski areas etc.
- Well renowned for their weddings and corporate events
Executive Summary
Property Facts
| Price | $1,295,000 | Lot Size | 5.19 AC |
| Price Per Room | $215,833 | Construction Status | Converted |
| Sale Type | Investment | Building Size | 4,811 SF |
| Cap Rate | 13.91% | No. Rooms | 6 |
| Sale Conditions | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1993/2010 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 3.53/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $1,295,000 |
| Price Per Room | $215,833 |
| Sale Type | Investment |
| Cap Rate | 13.91% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 5.19 AC |
| Construction Status | Converted |
| Building Size | 4,811 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2010 |
| Parking Ratio | 3.53/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Wedding Venue
- Public Access Wifi
- Smoke-Free
About 151 Smead Hill Rd , Greenfield, MA 01301
The Inn is a 6 room B & B that is currently being only used as an event center for weddings and corporate parties. The Inn is located on 5/5 +/- acres on a hill overlooking the beautiful Pioneer Valley of Western Massachusetts. A 40 x 80 ' foundational tent site was constructed in 2010. The event complex contains the tent, a building housing a bar, catering kitchen and bathrooms plus a large outdoor patio area (complete with a firepit) for functions. Parking accommodates up to 65 cars. Renovated Owner's Quarters on property consisting of kitchen, dining room, studio bedroom and full bath.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 6 | $304.00 | - |
PROPERTY TAXES
| Parcel Number | GREE-000033R-000019 | Improvements Assessment | $800,600 |
| Land Assessment | $79,200 | Total Assessment | $879,800 |
PROPERTY TAXES
zoning
| Zoning Code | R1 (Currently permitted to run as a 6 bedroom B&B and Event Center; Has two additional sleeping rooms with private baths not being used.) |
| R1 (Currently permitted to run as a 6 bedroom B&B and Event Center; Has two additional sleeping rooms with private baths not being used.) |
-
Tim Piper -
Hearthside Group
Presented by
151 Smead Hill Rd
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