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101 Main Street, Rowley, MA 01969

  • $1,600,000

  • MLS#: 71939344

Listing Presented By

Kathleen Sullivan
RE/MAX Advantage Real Estate
(978) 927-9100

Commercial Interest - Rowley, MA

Popular, profitable North Shore inn and spa business opportunity. Price includes the real estate, furniture, fixtures, supplies, systems and procedures used to market and operate this successful motel business. Property consists of 3.8 acres, 25 parking spaces, in-ground pool, spa and 8 buildings with office + 23 rental units + a 2,948 sf, 6 room, 3 bed & 2 bath rental single family home built in 1994 + resident manager's 3 room apartment located above the office. Grounds are professionally landscaped with an extensive irrigation system. All buildings have been updated over the past 5 years. Owners will transfer their engineering plans to add an additional 4 unit building whose sewer lines tie into building #8's septic system which was designed to accommodate this new building . Capitalization rate (return on investment) for this property is an attractive 9.9%. This Country Inn is a unique combination of lodging options in a quiet setting in the heart of Boston's North Shore.

  • $1,600,000
  • Commercial
  • MLS#: 71939344
  • Square Footage: 12,168
  • Built In: 1988
  • Last Updated: July 29, 2016
  • Posted: February 2, 2016

101 Main Street, Rowley, MA 01969 MLS#: 71939344

101 Main Street, Rowley, MA 01969 is an , Commercial in Rowley, Massachusetts for $1,600,000 with MLS#: 71939344 and offered by Kathleen Sullivan of RE/MAX Advantage Real Estate. To learn more about 101 Main Street, Rowley, MA 01969 contact Kathleen Sullivan for more information or to request a showing.

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