196 Shore Rd - Hospitality FOR SALE


Chatham, MA 02633
$25,000,000 USD
617-399-9523
196 Shore Rd, Chatham, MA for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

196 Shore Rd
Chatham, MA 02633


HIGHLIGHTS

  • Premier location, waterfront, private beach, waterview, Cape Cod

OVERVIEW

An exceptionally rare opportunity to acquire The Hawthorne in the heart of esteemed Chatham! Family-owned and operated since 1959, THE HAWTHORNE motel (32 total units) is offered for sale for the first time in 66 years! Perched on 3.2 ACRES with SWEEPING PANORAMIC WATER VIEWS of Pleasant Bay and the Atlantic Ocean, the property features an expansive lawn and PRISTINE PRIVATE BEACH with nearly 150 linear feet of ocean frontage. 196 SHORE ROAD is a short walk from boutique shops, fine dining, Chatham Seaside Links golf course, the famed Fish Pier and the iconic Chatham Lighthouse. THE HAWTHORNE offers the next owner the flexibility to continue operating a distinguished hospitality business, potentially expand on the existing improvements, completely redevelop a commercial property or give life to an unparalleled residential masterpiece. Buyer prospects are responsible for all due diligence. Don't miss this PREMIER OCEANFRONT OPPORTUNITY in the FINEST LOCATION on all of Cape Cod! Units are allocated as follows: 28 individual rooms, 1 standalone cottage, 1 manager unit, 2 housekeeping units. Seller disclosure is in the form of a Property Condition Report (PCR), which is available under signed NDA. Buyer prospects are responsible for their own due diligence. For additional information related to financials / property, please contact listing agent in order to execute a confidentiality agreement. Pricing noted above is not a formal asking price. There will be a period of showings with a Call for Offers date (offer deadline) to be determined between seller and seller agent. Buyer prospects are responsible for their own due diligence.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$919 USD /SF

# OF ROOMS

32

PRICE/ROOM

$781,250 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hawthorne

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1959

PARKING SPACES

32

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

R40

APN/PARCEL ID

CHAT-000016E-000015-000003

ASK ABOUT THIS PROPERTY

Michael TammaroRelated BealMore Info
617-399-9523

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

Michael TammaroRelated BealMore Info
617-399-9523

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