18-Unit Hotel with River
For Sale
$4,899,000
Pending
175 Bridge Rd, Salisbury, MA 01952
Renovated hospitality property combining guest suites with an on-site restaurant and event venue.
Property Size21,319 SF
Days on Market381
Property Features for 175 Bridge Rd
General Information
Standard status
Pending
Size
21,319 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$25,729
Building Details
Building Size
21,319 SF
Year Built
1960
Year Renovated
2016
Listing Agency:
Compass
Listed By:
The Bakhtiari Group
(603) 560-5357
Source:
Thenorthshorerealtygroup
Added: Sep 30, 2025
Changed: Oct 11
Last Checked: Oct 14 at 7:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This 18-unit hotel on Rings Island includes a varied guest accommodation mix: three two-bedroom suites, two junior king suites, five large king studios, three standard king studios, and five double queen studios. The property was renovated in 2016 and offers views of the Merrimack River. A separate restaurant and event venue spans approximately 10,000 square feet and may continue in its current format, be leased, or be converted to additional suites subject to town approvals.
The property is located at 175 Bridge Rd in Salisbury, with walkable access to downtown Newburyport and proximity to Salisbury Beach. Professional management has been in place since May 2025. Delivery with furniture and equipment is also available as an option.
The property is located at 175 Bridge Rd in Salisbury, with walkable access to downtown Newburyport and proximity to Salisbury Beach. Professional management has been in place since May 2025. Delivery with furniture and equipment is also available as an option.
Key Highlights
- 18‑unit hotel with Merrimack River views on Rings Island
- Guest mix includes 3 two‑bedroom suites, 2 junior king suites, and 13 studio units
- Approximately 10,000 square feet of restaurant and event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,842
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,696,840
$3.7M
Cap Rate 7%
$2,640,600
$2.6M
Cap Rate 9%
$2,053,800
$2.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$252.0K $25.20/SF
− Vacancy
−$5.5K −$0.55/SF
EGI
$246.5K $24.65/SF
− OpEx
−$61.6K −$6.16/SF
NOI
$184.8K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,696,840
Cap Rate 7%
$2,640,600
Cap Rate 9%
$2,053,800
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,842 @ 7.0% cap · market cap 3.77%
Second Best
Hotel Hospitality
$865.2K
$757.0K – $1.01M
NOI $60,563 @ 7.0% cap · market cap 1.24%
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,397 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Aroma Joe's
Dining
3,545 visits/mo
0.2 miles
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated hospitality property combining guest suites with an on-site restaurant and event venue.
Where is this hotel located?
The property is located at 175 Bridge Rd Salisbury, MA.
What is the asking price?
The asking price for this property is $4,899,000.
What are key features of this property?
This property features: 18‑unit hotel with Merrimack River views on Rings Island; Guest mix includes 3 two‑bedroom suites, 2 junior king suites, and 13 studio units; Approximately 10,000 square feet of restaurant and event space
