Property profile

497 Northfield Rd Bernardston, MA 01337

OFF-MARKET
Hospitality properties
8,619 SF 6.6 ac lot Built 1980
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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

Location

497 Northfield Rd Bernardston, MA 01337
Bernardston metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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