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INVESTMENT HIGHLIGHTS
- Premier location, waterfront, private beach, waterview, Cape Cod
EXECUTIVE SUMMARY
An exceptionally rare opportunity to acquire The Hawthorne in the heart of esteemed Chatham! Family-owned and operated since 1959, THE HAWTHORNE motel (32 total units) is offered for sale for the first time in 66 years! Perched on 3.2 ACRES with SWEEPING PANORAMIC WATER VIEWS of Pleasant Bay and the Atlantic Ocean, the property features an expansive lawn and PRISTINE PRIVATE BEACH with nearly 150 linear feet of ocean frontage. 196 SHORE ROAD is a short walk from boutique shops, fine dining, Chatham Seaside Links golf course, the famed Fish Pier and the iconic Chatham Lighthouse. THE HAWTHORNE offers the next owner the flexibility to continue operating a distinguished hospitality business, potentially expand on the existing improvements, completely redevelop a commercial property or give life to an unparalleled residential masterpiece. Buyer prospects are responsible for all due diligence. Don't miss this PREMIER OCEANFRONT OPPORTUNITY in the FINEST LOCATION on all of Cape Cod!
Units are allocated as follows: 28 individual rooms, 1 standalone cottage, 1 manager unit, 2 housekeeping units. Seller disclosure is in the form of a Property Condition Report (PCR), which is available under signed NDA. Buyer prospects are responsible for their own due diligence.
For additional information related to financials / property, please contact listing agent in order to execute a confidentiality agreement. Pricing noted above is not a formal asking price. There will be a period of showings with a Call for Offers date (offer deadline) to be determined between seller and seller agent. Buyer prospects are responsible for their own due diligence.
Units are allocated as follows: 28 individual rooms, 1 standalone cottage, 1 manager unit, 2 housekeeping units. Seller disclosure is in the form of a Property Condition Report (PCR), which is available under signed NDA. Buyer prospects are responsible for their own due diligence.
For additional information related to financials / property, please contact listing agent in order to execute a confidentiality agreement. Pricing noted above is not a formal asking price. There will be a period of showings with a Call for Offers date (offer deadline) to be determined between seller and seller agent. Buyer prospects are responsible for their own due diligence.
PROPERTY FACTS
| Price | $25,000,000 | Building Size | 13,388 SF |
| Price Per Room | $781,250 | No. Rooms | 32 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1959/2018 |
| Property Subtype | Hotel | Parking Ratio | 2.39/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 3.20 AC | ||
| Zoning | R40 - Residential | ||
| Price | $25,000,000 |
| Price Per Room | $781,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.20 AC |
| Building Size | 13,388 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2018 |
| Parking Ratio | 2.39/1,000 SF |
| Corridor | Exterior |
| Zoning | R40 - Residential |
AMENITIES
- High Speed Internet Access
- Patio
- Beach (direct access)
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $337.00 | - |
| Guest Room | 31 | $237.00 | - |
PROPERTY TAXES
| Parcel Number | CHAT-000016E-000015-000003 | Improvements Assessment | $1,384,600 |
| Land Assessment | $5,722,800 | Total Assessment | $7,107,400 |
PROPERTY TAXES
Parcel Number
CHAT-000016E-000015-000003
Land Assessment
$5,722,800
Improvements Assessment
$1,384,600
Total Assessment
$7,107,400
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The Hawthorne | 196 Shore Rd
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