Hotel & Motel Property For Sale - The Cornell Inn

203 Main Street, Lenox, MA, 01240

 
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Hotel & Motel For Sale
Lenox, MA
Massachusetts

The Cornell Inn

 

203 Main Street

Lenox, Massachusetts 01240
County: Berkshire
 
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  For Sale Active  
Property Use Type:Investment
Type:Hotel & Motel
Full Service
No. Rooms:N/A
Building Size:9,600 SF
Lot Size:2.90 Acres
Price:$3,900,000
Cap Rate:12.00%
Year Built:1900
Date Last Verified:1/3/2009
Property ID:15736843
 
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 Additional Information 

Property 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).

Location Description:
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
Net Operating Income:$460,118
Pre-Tax Cash Flow:$158,504
 
  Room Mix Information
No Room Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
5/30/2008
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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.
 
 

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