MLS® ID: 72497799
165 Housatonic Street
Lee, Massachusetts, 01238 $800,000
Be the new owner of this beautiful motel in the beautiful Berkshires! 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 Berkshire mansions and museums open on exhibit and 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 property. HUGE PRICE REDUCITION 12.5% CAP PROPERTY PRICED TO SELL NOW!!!