90 Manaquayak Rd - Hospitality FOR SALE


West Tisbury, MA 02568
$7,330,000 USD
781-718-9268
90 Manaquayak Rd, West Tisbury, MA for Sale
$7,330,000 USD
Hospitality - FOR SALE
1/15
null | 9% Cap Rate

90 Manaquayak Rd
West Tisbury, MA 02568


HIGHLIGHTS

  • Boutique hotel featuring 15 guest rooms spread across a historic farmhouse, restored stable, and barn.
  • Generates three distinct revenue streams through lodging, a high-end restaurant, and a premier wedding venue.
  • Offered with a brand-new 5-year triple-net (NNN) lease yielding stable passive income at a 9% cap rate.
  • Located up-island away from heavy crowds with exclusive beach access to Lambert's Cove Beach.

OVERVIEW

Lambert’s Cove Inn & Resort is an upscale hospitality asset in West Tisbury, Martha's Vineyard, operating as a 15-room boutique hotel spread across a historic farmhouse, restored stable, and barn. The property generates three distinct revenue streams through its luxury lodging, the high-end restaurant (seating up to 70–80 guests), and its status as a premier wedding venue featuring an English Garden and Great Lawn. The 8- acre estate is being offered for sale with a brand-new 5-year triple-net (NNN) lease yielding $55,000 per month, providing a stable passive income opportunity for an investor while the operator manages the day-to-day hospitality and event services. Lambert’s Cove Inn & Resort represents a rare opportunity to acquire a scaled, income-producing boutique hospitality asset in one of the most supply-constrained resort markets in the United States. Established in 1790 and comprehensively renovated in 2022, the property combines irreplaceable historical character with modern operating infrastructure. The combination of limited competitive supply, meaningful land scale, and enduring destination demand positions Lambert’s Cove Inn as a defensible hospitality investment with stable operating fundamentals and long-term value preservation.

FOR SALE DETAILS

PRICE

$7,330,000 USD

PRICE/SF

$449 USD /SF

# OF ROOMS

15

PRICE/ROOM

$488,667 {currency}

CAP RATE

9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lambert’s Cove Inn & Resort | NNN

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.79 AC

LAND SF

339,332 SF

ZONING

RU

APN/PARCEL ID

WTIS-000007-000099

ASK ABOUT THIS PROPERTY

Matthew PierceMarcus & MillichapMore Info
781-718-9268

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Matthew PierceMarcus & MillichapMore Info
781-718-9268

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