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$4,899,000
Est. payment /mo
0.9 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 73437515
HOA Y/N false
Year Built 1960
Annual Tax Amount $25,729
Tax Year 2025
Lot Size 0.900 Acres
Acres 0.9
Property Description
Discover a rare coastal investment opportunity—a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyport's STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios, 3 Standard King Studios & 5 Double Queen Studios. The restaurant (The Slip) provides a variety of options—operate existing restaurant, lease to a new owner, convert to high-end suites (w/ town approvals), etc. The property could be delivered fully furnished/equipped. This is a legacy asset where lifestyle, hospitality, & investment intersect.
Location
State MA
County Essex
Zoning C
Direction Conveniently located directly off of Route 1 and Bridge Road.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Rubber
Others
Senior Community false
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Listed by Compass
NEARBY SCHOOL & BUSINESS
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Lisa Dean
Agent | License ID: 9501687
491 Maple St, Ste # 105;, Danvers, Massachusetts, 01923, United States