175 Bridge Rd - Hospitality FOR SALE


Salisbury, MA 01952
$4,999,000 USD
603-560-5357
175 Bridge Rd, Salisbury, MA for Sale
$4,999,000 USD
Hospitality - FOR SALE
1/64
null | Request Cap Rate

175 Bridge Rd
Salisbury, MA 01952


OVERVIEW

Discover a rare New England coastal investment opportunity—a fully renovated 18-unit boutique hotel with 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 also benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues have surged ~88% YoY. Hotel guests enjoy walkability to vibrant downtown Newburyport and close proximately to Salisbury Beach and Hampton Beach. The hotel (Guest House Suites) features 3 "Two Bedroom Suites", 2 "Junior King Suites", 5 "Large King Studios", 3 "Standard King Studios" and 5 "Double Queen Studios", while the restaurant (The Slip) provides a variety of options—continue to operate the existing restaurant, lease out to a new restaurant owner, convert to high-end suites or condos (w/ town approvals), use as a wedding or large event space, etc. Both the hotel and the restaurant could be delivered fully furnished/equipped. This is a legacy asset—in a coveted location—where lifestyle, hospitality and investment intersect.

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$134 USD /SF

# OF ROOMS

18

PRICE/ROOM

$277,722 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Guest House Suites & The Slip Lounge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C

APN/PARCEL ID

SALI-000007-000000-000066

ASK ABOUT THIS PROPERTY

Sean BakhtiariCompass Massachusetts, LlcMore Info
603-560-5357

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

Sean BakhtiariCompass Massachusetts, LlcMore Info
603-560-5357

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