Naomi's Inn Bed & Breakfast 18 Springfield St 8 Room Bed and Breakfast Springfield, MA 01107 $1,199,000 ($149,875/Room)
EXECUTIVE SUMMARY
Once in a life time opportunity to own a successfully operating B and B with a Hoteliers License seconds to I 91 and next to Baystate Medical Center. With a 20 year record of positive cash flow and great reviews this is a business and real estate opportunity you cannot pass on. Two buildings, a three story 8 unit building with 9 baths, with an industrial kitchen and common space. Every unit has its own private luxurious bath and most sleep more than two. The finishes in the property are modern and beautiful. The second building is a 2 bedroom, 2 Bath ranch that could be used as a private residence or used to increase revenue for the B and B. You pick. All mechanicals are updated and the property has tons of tech extras that will save you money and create a contactless operation if desired. Solar drives your electric bills down.
PROPERTY FACTS Under Contract
| Price | $1,199,000 |
| Price Per Room | $149,875 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 4,566 SF |
| No. Rooms | 8 |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2023 |
| Tenancy | Single |
| Parking Ratio | 5.04/1,000 SF |
| Corridor | Interior |
| Zoning | Limited Business - R2 |
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | $147.00 | - |
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PROPERTY TAXES
| Parcel Number | SPRI-011050-000000-000009 | Improvements Assessment | $483,500 |
| Land Assessment | $98,900 | Total Assessment | $582,400 |
