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Dugout Motel
99 Howland Ave, Adams, MA 01220
WOW! WHAT AN INVESTMENT OPPORTUNITY!
N/A
16
5,933 SF
Hotel & Motel
Economy/ Limited Service
Full Service
Investment
9.50%
2
1900
0.74 AC
MAP: 103 LOT: 2
2 / 1,000 SF
-
Last Verified 4/14/2008
Listing ID 15111770
Highlights
Investors Take Note!- Excellent Owner Occupied Opportunity!
- Watch Your Profits Soar!
- Prime Location for Expansion, Redevelopment!
- Outstanding Location on Major Highway!
- Terrific Investment for Your Portfolio!
Description
Excellent income producing 16 unit motel with owner/management occupied apartment/office quarters. This extended stay motel offers daily/weekly/monthly rental options to its customers! It is fabulously located in the world renowned, Beautiful Berkshire Hills of Massachusetts. Ideally positioned with outstanding visibility on Route 8, this turn-key operation is in close proximity and an easy commute to all tourist, cultural, recreational, educational & business destinations in the Berkshires. Current owners used this property to step into the motel business, became successful & moved on to bigger properties. Premium investment opportunity for owner operator or hotel company with the management creativity required to launch a dynamic marketing campaign to increase the average daily rate (ADR), occupancy rate and drive more money to the bottom line! Creative financing options offered: (1) an assumable mortgage, and (2) partial owner financing to qualified purchasers. For the entrepreneurs with vision, this prized piece of real estate is zone industrial and it can also be re-developed for industrial/commercial use.
Nestled in world-famous "Berkshire Hills" of Berkshire County, Adams is of the fastest growing "ARTS" communities in the U.S.A. Adams is home to the "Topia Arts Center," Mt. Greylock Reservation and the Ashuwillticook Rail Trail. It is only minutes away from MassMoCA, the world renowned multi-disciplinary center for the visual, performing and media arts! Located only 20 minutes from the Williamstown Theatre Fest, The Clark Art Institute and Williams College! It is an easy commute to Springfield, MA; Hartford, CT: Albany, NY; Bennington, VT; and Keene, NH
Map of 99 Howland Ave, Adams, MA 01220 (Berkshire County)
Created 4/27/2007
Additional Information for 99 Howland Avenue, Adams, MA 01220
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO