This property is Off-Market
394 Pleasant Street
South Chatham, MA 02659 ·
24 Rooms · Hotel & Motel For Sale
Hotel & Motel Property For Sale
|Price||N/A||Property Sub-type||Economy/Limited Service|
|No. Rooms||24||Property Use Type||Investment|
|Building Size||65,340 SF||Lot Size||1.50 AC|
|Property Type||Hotel & Motel|
|Listing ID: 17329695||Date Created: 09/13/2011||Last Updated: 05/28/2013|
Investment / Redevelopment Overview
As exclusive agent, the CB Richard Ellis Hotels Team is pleased to present the opportunity to purchase a 24-room motel, located in the historic town of Chatham, Massachusetts (the Property or Hotel ).
" The +1.5 acre Property benefi ts from an irreplaceable ocean front location, beautiful 180 degree views of Monomoy Island, and roughly 120 feet of private beach frontage directly on Nantucket Sound.
" The re-development opportunity might include the possibility for multiple single-family homes, condominiums, or the renovation of the existing lodging facilities.
" The Parcel consists of four previously land courted lots and a ¼ acre of private sandy beach. The Property is currently zoned residential.
" Tiered landscape allows for spectacular panoramic views of Nantucket Sound
" Premier waterfront location in one of Cape Cod' s most sought-after communities.
" Chatham (Barnstable County) enjoys an international reputation as a one of the most exclusive travel destinations and features a thriving secondary and rental home market.
" With its pristine beaches and scenic landscape, the Cape Cod and the Islands region is in a league with Bar Harbor, Maine and New York' s Hamptons, among the premier coastal destinations in the northeastern United States.
" With its close proximity to Boston, Cape Cod is a convenient, isolated escape whose reputation draws affluent visitors and summer residents from the full length of the Atlantic Seaboard.
394 Pleasant Street, South Chatham, MA 02659 (Barnstable County)
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