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    35 State Rd Phillipston, MA 01331

    Sponsored
    For Sale
    $1,525,000

    Profitable Restaurant & Motel in MA

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional hospitality investment opportunity presents a well-established restaurant and motel in Phillipston, Massachusetts. The property, built in 1950 and extensively renovated in 2022, encompasses 5 acres and features three buildings with a total of 5,000 square feet. The motel boasts 12 modern guest rooms, each equipped with wall-to-wall carpeting, cable TV, and air conditioning. A mix of queen and double beds are available, along with cots. All rooms are non-smoking and include daily maid service, offering affordable daily, weekly, and monthly rates. The adjacent restaurant serves traditional American cuisine, specializing in chicken, veal, beef, and Italian dishes. It also features a cozy lounge with a 12-tap microbrew selection, a full bar, and live entertainment on Friday and Saturday nights. The restaurant has a successful banquet business and caters to groups of 10 to 100. Ample parking is available, accommodating even tractor-trailer trucks. The property's location on Route 2 provides convenient access and significant potential for future expansion. The asking price is $1,525,000, with a Net Operating Income (NOI) of $184,203 and a 12.08% cap rate. The property is zoned commercial and offers significant potential for increased revenue with hands-on management and targeted marketing. This turnkey operation includes stable management and staff, ensuring business continuity. Seller financing may be considered for qualified buyers.

    Property Features for 35 State Rd

    General Information

    Property type
    Motels
    Square Feet
    5,000 SF
    Lot Size
    217,800 SF

    Building Details

    Year Built/Renovated
    1950/2022
    Buildings
    3
    Stories
    1

    HighLights

    • Established motel and restaurant in Central Massachusetts.
    • Experienced management and staff ensure operational continuity.
    • Profitable banquet business and loyal customer base.
    • Significant revenue growth potential with active management.
    • Ample land for expansion.
    • Seller financing available for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Building Supply Dental Office Auto Repair Shop Auto Parts Store Hotel & Motel Grocery Store Discount Store Electrical Service Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phillipston
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.1321951
    Latitude
    42.5693704

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    FAQs

    What type of property is this?
    Motel - Profitable Restaurant & Motel in MA
    Where is this motel located?
    The property is located at 35 State Rd Phillipston, MA.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: Established motel and restaurant in Central Massachusetts.; Experienced management and staff ensure operational continuity.; Profitable banquet business and loyal customer base.
    Request Owner's contact information
    35 State Rd Phillipston, MA 01331
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    Phillipston, MA 01331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 State Rd Phillipston, MA 01331
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