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151 Smead Hill Rd

6 Room Bed and Breakfast Greenfield, MA 01301 £1,021,755 (£170,292/Room) 13.91% Net Initial Yield

Investment Highlights

  • Under utilized... the B&B is ready to go: Just turn it on
  • Quietly located in the Heart of Western Massachusetts... attractions, restaurants, retail, museums, ski areas etc.
  • Well renowned for their weddings and corporate events

Executive Summary

This is a B&B that is currently only being used as an event center. The B&B portion of the business is untapped. Immediate increase in cash flow once the B&B is combined with the already profitable event business. Projected 2024 sales as a B&B would be $373,300

Property Facts

Price £1,021,755
Price Per Room £170,292
Sale Type Investment
Net Initial Yield 13.91%
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Bed and Breakfast
Building Class B
Lot Size 5.19 AC
Construction Status Converted
Building Size 4,811 SF
No. Rooms 6
Number of Floors 2
Year Built/Renovated 1993/2010
Parking Ratio 3.53/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Patio
  • Bed & Breakfast
  • Wedding Venue
  • Public Access Wi-Fi
  • Smoke-Free

About 151 Smead Hill Rd , Greenfield, MA 01301

The Inn is a 6 room B & B that is currently being only used as an event center for weddings and corporate parties. The Inn is located on 5/5 +/- acres on a hill overlooking the beautiful Pioneer Valley of Western Massachusetts. A 40 x 80 ' foundational tent site was constructed in 2010. The event complex contains the tent, a building housing a bar, catering kitchen and bathrooms plus a large outdoor patio area (complete with a firepit) for functions. Parking accommodates up to 65 cars. Renovated Owner's Quarters on property consisting of kitchen, dining room, studio bedroom and full bath.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 6 £239.86 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GREE-000033R-000019
Land Assessment
£62,356
Improvements Assessment
£630,328
Total Assessment
£692,684

zoning

Zoning Code R1 (Currently permitted to run as a 6 bedroom B&B and Event Center; Has two additional sleeping rooms with private baths not being used.)
R1 (Currently permitted to run as a 6 bedroom B&B and Event Center; Has two additional sleeping rooms with private baths not being used.)
  • Listing ID: 28861759

  • Date on Market: 27/06/2023

  • Last Updated:

  • Address: 151 Smead Hill Rd, Greenfield, MA 01301

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