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141 Beach Rd
Salisbury, MA 01952
The Salisbury Inn & Motel · Hospitality Property For Sale · 30 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 30 |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1960 |
| Lot Size | 3.90 AC | Parking Ratio | 3.29/1,000 SF |
| Building Size | 22,830 SF | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 3.90 AC |
| Building Size | 22,830 SF |
| No. Rooms | 30 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 3.29/1,000 SF |
| Corridor | Exterior |
About 141 Beach Rd , Salisbury, MA 01952
This is a great opportunity for an owner operator or a savvy investor. The cap rate of 10.3 has been determined using a mortgage payment based upon a 70% loan to value ratio. The property consists of 19 buildings on the 3.9 acre site. There are 31 motel units, one owner apartment, one wood frame cottage, 14 mobile homes, 1 mobile home is owned by the tenant who rents the land it sits on and there are two recreational vehicles that rent the land only. The current owner has owned and operated the property for over 42 years and he has decided to retire and pass this profitable business on to the next owner. Call Doug Danzey for more information 617-823-4445
PROPERTY TAXES
| Parcel Number | SALI-000025-000000-000025 | Improvements Assessment | $1,751,335 |
| Land Assessment | $995,684 | Total Assessment | $2,747,020 |
PROPERTY TAXES
zoning
| Zoning Code | 1 |
| 1 |
