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    FOR SALE
    Turn key restaurants

    866 Cold Spring Rd, Williamstown, MA 01267

    15,186 SF 8.5 ac lot Built 1896
    Individually Owned 32-yr Hold Free & Clear
    Property ID
    US38-0058165
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $989k
    Blend (final) Blend
    $945k
    Owner & transaction history
    Morelle,suzanne T · 32 yrs held
    Morelle,suzanne T
    since 1994
    4 recorded transactions
    1994
    $118,000
    1994
    1988
    1987
    $400,000
    Zoning & alternative use
    SG · Williamstown, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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