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    OFF-MARKET
    Hospitality properties

    497 Northfield Rd, Bernardston, MA 01337

    8,619 SF 6.6 ac lot Built 1980
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8,619 square foot motel, situated on a 6.6-acre lot in Bernardston, Massachusetts (zip code 01337), presents a lucrative investment opportunity. Built in 1980 and completely renovated in 2023, the property boasts 16 newly remodeled guest rooms, ensuring immediate rental income. A significant advantage is the inclusion of a fully renovated two-bedroom apartment, perfect for an on-site manager or additional rental income. The property's versatile kitchen area, previously utilized as a restaurant, offers exciting possibilities for expansion and diversification. The motel's exterior has also undergone recent upgrades, enhancing its curb appeal and attracting more guests. Its strategic location near major highways provides easy access for travelers, while proximity to local attractions, snowmobile trails, and walking paths caters to a broad range of visitors. The property is zoned B, offering flexibility for future development. With 16 beds, the asking price is $817,000, translating to $94.79 per square foot and $51,062.50 per bed. This turnkey operation is ready for a new owner to capitalize on its established success and significant growth potential within the hospitality sector. The property's strong location and recent renovations make it an attractive investment for those seeking a profitable venture in the thriving Massachusetts market.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1980
    Total area 8,619 SF
    Lot 6.6 ac (287,496 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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