Well established and highly profitable guest house with attached innkeeper’s residence. Conference facilities have seating for up to 60, a modern kitchen, a conference room, a 1000 SF activity room, and full business services. Features three executive suites and 10 king rooms, all with kitchenettes, and gas fireplaces. Approximately $200,000 in upgrades in the last 5 years. 15 on site parking spaces with ample overflow parking for special events. Record Net Income in 2011! Seller can provide on site managers for buyer.
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Property Type:
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Retail
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Sale Price:
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$1,775,000
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Site Size:
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27,614 SF
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Building Size:
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12,780 SF
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S/F:
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12,780 SF
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Min. Div. S/F:
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N/A
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Zoning:
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Primary Use:
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B&B
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NOI:
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$200,180
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Absent Owner CapRate:
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9.6%
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Owner User CapRate:
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11.3%
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