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151 Smead Hill Rd
6 Room Bed and Breakfast Greenfield, MA 01301 £1,019,579 (£169,930/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
Property Facts
Price | £1,019,579 | Lot Size | 5.19 AC |
Price Per Room | £169,930 | Construction Status | Converted |
Sale Type | Investment | Building Size | 4,811 SF |
Net Initial Yield | 13.91% | No. Rooms | 6 |
Sale Conditions | Business Value Included | Number of Floors | 2 |
Property Type | Hospitality | Year Built/Renovated | 1993/2010 |
Property Subtype | Bed and Breakfast | Parking Ratio | 3.53/1,000 SF |
Building Class | B | Corridor | Interior |
Price | £1,019,579 |
Price Per Room | £169,930 |
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 | £239.35 | - |
PROPERTY TAXES
Parcel Number | GREE-000033R-000019 | Improvements Assessment | £630,328 |
Land Assessment | £62,356 | Total Assessment | £692,684 |
PROPERTY TAXES
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.) |
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151 Smead Hill Rd
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