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.
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.
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Contacts
Mitchell B. Muroff
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Cold Spring Rd Williamstown, MA 01267
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Cold Spring Rd Williamstown, MA 01267
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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866 Cold Spring Rd
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