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- LoopNet Team
87 School St
Hatfield, MA 01038
The Old Mill Inn · Hospitality Property For Sale
·
6,276 SF
INVESTMENT HIGHLIGHTS
- Turn-Key B&B renovated in 2015
- Fully furnished with many updated touches and a vintage industrial vibe
- Year-round bookings, with most May and October weekends booked a year or more in advance
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1870/2015 |
| Building Class | B | Parking Ratio | 5.58/1,000 SF |
| Lot Size | 0.97 AC | Corridor | Interior |
| Building Size | 6,276 SF | ||
| Zoning | TC - MIXED USE-PRIM COMM & RESD (031) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 6,276 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1870/2015 |
| Parking Ratio | 5.58/1,000 SF |
| Corridor | Interior |
| Zoning | TC - MIXED USE-PRIM COMM & RESD (031) |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 87 SCHOOL ST , HATFIELD, MA 01038
Award-winning B&B and events venue featuring a picturesque setting along the Mill River, central to the Five College Area with easy access to the cultural hub of Northampton and Interstate 91. This stunning property presents unique opportunities including re-imagining as a vibrant restaurant/coffee shop (as it once was), a large family estate with four income-producing apartments or conversion to luxurious condominiums. Combining meticulous preservation of historic detail with modern amenities, and offering 9000 square feet of eclectic living space on three floors overlooking a magnificent waterfall, this is the premier New England site rental for weddings, conferences, bridal/baby showers, reunions, birthday parties and rehearsal dinners. Parking for 35. Sprinkler system on all floors. New energy efficient heating systems including HVAC, mini-splits, propane hot water system; 3 washer/dryer pairs including a token-op laundry; professional kitchen and additional warming kitchen; and expansive outdoor space for limitless possibilities. Current CPA Grant for $82,250 is open and transfers with the property. Offered for sale at $987,000; with furnishings $1,037,000 and $1,100,000 with B&B business goodwill including website, furnishings, branding, GDS and guest lists. An absolute must see! Virtual Tour: https://vt.plushglobalmedia.com/tour/TT16KAWVHT?preview=7a08c744b798102d01e9f078eb747a97
PROPERTY TAXES
| Parcel Number | HATF-000220-000011 | Improvements Assessment | $769,700 |
| Land Assessment | $143,700 | Total Assessment | $913,400 |
PROPERTY TAXES
