497 Northfield Rd Bernardston, MA 01337

Property Details for 497 Northfield Rd

Year built

1980

Lot size

6.60 lot acres

Property size

8,619 SF

Property type

Hospitality properties

Property subtype

Motels

Description

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.

Location Insight

City

Bernardston

County

Franklin

State

Massachusetts

Longitude

-72.501

Latitude

42.6747