MLS® ID: 72497799

165 Housatonic Street

Lee, Massachusetts, 01238

$800,000 Active
  • 10332 SQFT
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!!!
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Listing courtesy of Regents New England

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    01238
  • Office name
    Regents New England
  • SQFT
    10332
  • Bedrooms
    0
  • Property type
    Commercial/Industrial
  • Zoning type
    Commercial
  • Year built
    1988
  • Tax year
    2019
  • Agent name
    Francis Duffy
  • Tax amount
    $ 14927.0
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    17035

Location

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