203 Main St - Hospitality FOR SALE


Lenox, MA 01240
$4,100,000 USD
802-380-2550
203 Main St, Lenox, MA for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/21
null | 9.59% Cap Rate

203 Main St
Lenox, MA 01240


HIGHLIGHTS

  • Location in the storied town of Lenox
  • Borders Kennedy Park offering 15 miles of groomed trails abutting the Cornell Inn’s grounds.
  • Dazzling contemporary hospitality venue with décor and amenities on the cutting edge of innovative lodging design.
  • Situated on 3.9 acres amidst lush shade gardens, rock walls and meandering Goshen stone walkways.
  • Extensive decks with outdoor seating are built around a landscape waterfall that cascades into a koi pond.

OVERVIEW

The Cornell Inn is one of the hospitality industry’s hottest, new luxury lodging destinations. The current owners have completely redesigned, renovated and refurnished this strategically located inn transforming it into one of the most imaginatively decorated and uniquely appointed inns in the Northeast. The design and décor of the 28 guest rooms, suites and baths rivals that of any of the industry’s top, upper echelon inns. As of June 2024, completed bookings and advance reservations were up 41% over the same period in 2023. Gross lodging sales are on pace to hit $2m in 2024.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$360 USD /SF

# OF ROOMS

28

PRICE/ROOM

$146,429 {currency}

CAP RATE

9.59%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornell Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.9 AC

LAND SF

169,884 SF

ZONING

R-1A

APN/PARCEL ID

LENO-000046-000019

ASK ABOUT THIS PROPERTY

Pamela J LongEast Coast Inn BrokersMore Info
802-380-2550

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Pamela J LongEast Coast Inn BrokersMore Info
802-380-2550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.