866 Cold Spring Rd Williamstown, MA 01267
- Turn key restaurants
- 15,186 SF
- 8.50 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 866 Cold Spring Rd
- Year built
- 1896
- Lot size
- 8.50 lot acres
- Property size
- 15,186 SF
- Zone code
- SG
- Property type
- Turn key restaurants
- APN
- WILL M:153.0 B:0008
- APU
- WILLM1530B0008
Description
This iconic 17-acre Williamstown, MA property, the 1896 House Country Inn & Pub, presents a unique investment opportunity. The property includes three buildings totaling 11,089 to 13,600 square feet, featuring 37 guest rooms and suites, a three-bedroom owner's suite, a historic restaurant and tavern. Built in 1896 and renovated in 2021, the inn boasts a prime location near Williams College, Williamstown Theatre Festival, Clark Art Institute, and Chapin Library. The extensive grounds include streams, ponds, and rolling hills, creating a picturesque setting for a four-season destination. The property offers significant development potential for additional guest rooms, residential units, or commercial space, capitalizing on the area's thriving tourism and recreational activities. With a current NOI of $527,625 and a 12.41% cap rate (8.50% pro-forma), this property presents a compelling investment opportunity in a highly desirable location. The property is zoned commercial and offers easy access to numerous attractions, including Tanglewood, MassMoCA, Jiminy Peak Ski Resort, Mount Greylock, and the Mohawk Trail. This is a rare chance to acquire a well-established hospitality business with substantial growth potential in the heart of the Berkshires. The asking price is $4,250,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.2252
- Latitude
- 42.695
- CBSA code
- 38340
- CBSA name
- PITTSFIELD, MA METROPOLITAN STATISTICAL AREA
