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Listing Details
- $4,899,000
- MLS# 73437514
- Type Multi Unit - Multiple
- Status Pending
Listed By
Agency Name: Compass
Agent Name: The Bakhtiari Group
Agency Phone: 978-248-8081
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
Discover a rare coastal investment opportunity??a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyports STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios,...read more
Features
- 2 Fireplaces
- 3.0 Stories
- $25,729 Taxes
- Public
- Built in 1960
Gallery
Listed By
Agency Name: Compass
Agent Name: The Bakhtiari Group
Agency Phone: 978-248-8081
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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