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Browse More Listings in Hotel & Motel For Sale, Lenox, MA or Massachusetts

Hotel / Motel For Sale

The Cornell Inn

203 Main Street, Lenox, MA 01240

Price:
$3,495,000
Building Size:
9,600 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Cap Rate:
12%
Year Built:
1900
Lot Size:
2.90 AC
Find Out More...

Last Verified 11/6/2009 Listing ID 15736843

Description

Pristine 30 room Inn located on the outskirts of downtown Lenox, MA. Property is comprised of 3 separate buildings, all of which have been totally renovated & updated in the last 7 years. Rooms decorated in 1900 period reproductions. Commercial kitchen serves all Inn clients, full liquor license. Good tenant history & continuing increases in cash flows. High exposure location in a destination & strong tourist area. See photos and much more detail on www.century21franklinstreet.com ID#174331 or owner web site (www.cornellinn.com).

The Cornell Inn is located in downtown Lenox, MA. Lenox is a destination cultural and scenic community nestled in the Berkshire Mountains. We are approximately 120 miles from New York City, Boston and Providence. Within a radius of 3 hours drive from Lenox, there is a population basis of over 30,000,000

Financial Summary

Actual
Effective Gross Income
$644,418
Operating Expenses
$184,300
Net Operating Income
$460,118
Pre-Tax Cash Flow
$158,504

Map of 203 Main Street, Lenox, MA 01240 (Berkshire County)

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Michael Sorrentino (413) 637-8006 Ext: 27

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Created 5/30/2008

Additional Information for 203 Main Street, Lenox, MA 01240

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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.

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Hotel & Motel Property For Sale - The Cornell Inn

203 Main Street, Lenox, MA, 01240