165 Housatonic Street

Estimated Monthly Payment: $7,149/mo 165 Housatonic Street, Lee, MA 01238 MLS# 72497799 Commercial/Industrial Listing Status: Active
10,332 sqft

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REMARKS:

Be the new owner of this beautiful motel in the beautiful Berkshires! The current owner is much older and would like to retire at this point. The Pilgrim Motel is right off the highway only about two miles from the Beautiful United States Shrine of The Divine Mercy. It is also a perfect distance from Tanglewood Musical venue in the summer and also a nostalgic drive to the amazing Berkshire mansions and museums open on exhibit along with the historic brick sidewalk towns within close proximity. The property is a tremendous value since the asking price is only slightly more than the assessed and appraised value of the property from 2017. There is also a large front parcel of this motel that is directly on the street which is a great pad for a franchise business, as there are franchise stores all along the road. There is a two bedroom apartment above the office Currently the yearly gross income of $202,000 is based on yearly occupancy of 40% with a hired full time manager on propert

OVERVIEW:

Commercial/Industrial
5+ Residential
Active
1988
10332
5.35
Shingle, Asphalt/Fiberglass Shingles
2
Open, Paved Driveway, On Site
Open, Paved Driveway, On Site
Public Water, Public Sewer, 220 Volts

ROOM INFO:

FINANCIAL:

$1,295,000
$14,927
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Francis Duffy, Regents New England

 

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