Technical
Financial
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Property profile

866 Cold Spring Rd Williamstown, MA 01267

FOR SALE
Turn key restaurants
Property ID
US38-0058165
15,186 SF 8.5 ac lot Built 1896
Individually Owned 32-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1896
Total area 15,186 SF
Lot 8.5 ac (370,260 SF)
Zoning code SG
APN WILL M:153.0 B:0008
UPID US38-0058165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

866 Cold Spring Rd Williamstown, MA 01267
Williamstown metro Census 920102 PITTSFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$989k
Blend (final) Blend
$480k

Owner & transaction history

since 1994
4 recorded transactions
1994
$118,000
1994
Price N/A
1988
Price N/A
1987
$400,000

Zoning & alternative use

SG · Williamstown, MA

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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