For Sale
$4,250,000

866 Cold Spring Rd Williamstown, MA 01267

Historic Berkshires Inn, 37 Keys, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
133
This iconic 17-acre Williamstown, MA property, the 1896 House Country Inn & Pub, presents a unique investment opportunity. The property includes three buildings totaling 11,089 to 13,600 square feet, featuring 37 guest rooms and suites, a three-bedroom owner's suite, a historic restaurant and tavern. Built in 1896 and renovated in 2021, the inn boasts a prime location near Williams College, Williamstown Theatre Festival, Clark Art Institute, and Chapin Library. The extensive grounds include streams, ponds, and rolling hills, creating a picturesque setting for a four-season destination. The property offers significant development potential for additional guest rooms, residential units, or commercial space, capitalizing on the area's thriving tourism and recreational activities. With a current NOI of $527,625 and a 12.41% cap rate (8.50% pro-forma), this property presents a compelling investment opportunity in a highly desirable location. The property is zoned commercial and offers easy access to numerous attractions, including Tanglewood, MassMoCA, Jiminy Peak Ski Resort, Mount Greylock, and the Mohawk Trail. This is a rare chance to acquire a well-established hospitality business with substantial growth potential in the heart of the Berkshires. The asking price is $4,250,000.

Highlights

  • $4,250,000 asking price for a 17-acre hospitality property in Williamstown, MA.
  • Prime Williamstown location near Williams College, Williamstown Theatre, Clark Institute, and Chapin Library.
  • 17+ acres of scenic grounds with streams, ponds, and rolling hills.
  • Year-round recreational opportunities including access to music, theatre, art, golf, skiing, and hiking.
  • 36 guest rooms & suites, a 3-bedroom owner's suite, and a historic restaurant/tavern.
  • Development potential for additional guest rooms, residential units, and commercial space.

Property Details for 866 Cold Spring Rd

Property type
Hospitality properties, Motels
Square Feet
11,089 SF
Year Built/Renovated
1896/2021
Buildings
3
Lot Size (sq. ft)
740,520 SF

Location Insight

City
Williamstown
County
Berkshire
State
Massachusetts
Latitude
42.6950233
Longitude
-73.2251486

FAQs

What type of property is this?
Hospitality property - Historic Berkshires Inn, 37 Keys, Development Potential
Where is the hospitality property located?
The property is located at 866 Cold Spring Rd Williamstown, MA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: $4,250,000 asking price for a 17-acre hospitality property in Williamstown, MA.; Prime Williamstown location near Williams College, Williamstown Theatre, Clark Institute, and Chapin Library.; 17+ acres of scenic grounds with streams, ponds, and rolling hills.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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866 Cold Spring Rd
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