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Lakehouse Inn 615 Laurel St
14 Room Bed and Breakfast Lee, MA 01238 £3,129,283 (£223,520/Room)
Investment Highlights
- Spectacular setting on a westerly facing cliff overlooking pristine Laurel Lake with 500’ of private lake frontage with dock.
- State-of-the-Art HVAC systems
- Oasis Bar & Grill, an outdoor dining and live music venue.
- Prime location in the heart of the Berkshires
- Extensive outdoor seating areas including balconies, porches and a new 5000 sq. ft. terrace with 4 inground firepits overlooking the lake and spectac
Executive Summary
Annual gross lodging sales under previous management were $300,000 to $500,000. Annualized gross lodging sales for 11 months in 2023 since being relaunched February 1, 2023 were $806,192. YTD gross room sales as of June 2024 were $500,000. The business is on track to gross $1.m in lodging sales in 2024. The Oasis Bar & Grill is a seasonal, outdoor restaurant that was operated Thursday – Saturday from May through the summer and early fall of 2023. Gross food and beverage sales if open five days a week seasonally are projected to gross $500,000. The owners chose not to open Oasis Bar and Grill in 2024 due to family commitments on their part.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Balcony
- Patio
- Boutique/Lifestyle Hotel
- Bed & Breakfast
- Meeting Event Space
- Wedding Venue
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
- Smoke Detector
About 615 Laurel St , Lee, MA 01238
The Lakehouse Inn enjoys a spectacular setting on a westerly facing cliff overlooking pristine Laurel Lake in the heart of The Berkshires. The Berkshires Region is not only one of the most scenic, naturally beautiful areas in the country, it is one of the strongest tourist destinations in New England and an “uber-enviable” place to live and operate an inn business. Built in 1903, the inn denotes the unpretentious, timeless elegance of a turn-of-the-century lakeside cottage. The 14 guest rooms, suites and baths have been exquisitely appointed and furnished with an eye toward showcasing the clean, graceful architectural details of the original cottage while adding the amenities and “cutting edge” bathroom design expected by today’s sophisticated leisure traveler. A three-room innkeepers’ quarters could be converted to a 15th guest suite.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | £278.07 | - |
| Guest Room | 11 | £254.57 | - |
PROPERTY TAXES
| Parcel Number | LEEE-000007-000000-000000-000110-000110 | Total Assessment | £1,360,670 |
| Land Assessment | £505,228 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £855,442 | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | RB (Hotel, Office, Retail, Light Industrial and various commercial uses.) |
| RB (Hotel, Office, Retail, Light Industrial and various commercial uses.) |
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Lakehouse Inn | 615 Laurel St
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