Compass Rose & Tavern

Yarmouth Port, Massachusetts
www.compassrosecapecod.com
my.matterport.com/show/?m=WdPndCAn8yx
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Property Type
Bed & Breakfast / Inn
Guest Rooms
21
Baths
21
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$1,499,000

Occupancy Rate
34%
Average Daily Rate
NA
Gross Revenue
$260,000
Gross Revenue Multiplier
NA

Property Overview

One of the largest Inns on Cape Cod. This historical property sits directly on Old King's Highway/Route 6A in charming Yarmouth Port with 1.23 acres of land. The main house is 3 stories with a beautiful updated bar, four-season porch, parlor, dining room and large kitchen. The main house also has 9 bedrooms all with private baths and a large owner's suite with a private bedroom, bathroom and living room kitchenette combination. The second building/carriage house consists of 10 fully remodeled guest rooms all with private baths. The lower level of the property provides for further expansion.


Property Description

Located on Historic Old King’s Highway, The Compass Rose Inn was constructed in the 1730s. The original structure was a two-story Federal Style Building with a hip roof built by the Josiah Ryder family. Shortly after, it was acquired by Captain Joseph Eldridge, and for the next 100 years it was known as the Eldridge House. In the 1820s a house in Nantucket was floated over Nantucket Sound and placed on a foundation at the rear of the building. During the 1860s Dr. Azariah Eldridge, then the owner, moved the house and added it to the main structure.


Business Description

Bed and breakfast with a bar and tremendous expansion potential in a absolute stunning location. Property has been operated seasonally and below the full potential the revenue the property could generate with some fairly minor investment Here is the link to the Virtual Tours Main Inn https://my.matterport.com/show/?m=WdPndCAn8yx Carriage House 1 https://my.matterport.com/show/?m=AuSbyvdJUS5 Carriage House 2 https://my.matterport.com/show/?m=3tWvJbhbt1K


Reason for Selling

Owner is considering relocation.


Terms & Asking Price

Current SBA funding in place may be assumable. Seller may provide some financing to qualified buyer.