Amelia Payson House

Salem, Massachusetts
ameliapaysonhouse.com/
www.armstrongfield.com/homes/16-Winter-Street-Sa
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Property Type
Bed & Breakfast / Inn
Guest Rooms
3
Baths
6
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,200,000

Occupancy Rate
NA%
Average Daily Rate
$275
Gross Revenue
$100,000
Gross Revenue Multiplier
12

Property Overview

*** UNDER CONTRACT *** See other B&B's for sale at: https://www.armstrongfield.com


Property Description

This polished home boasts high ceilings, spacious bedrooms, beautifully appointed architectural features and 8 fireplaces (all converted to or are electric). It is located just off the common and in close proximity to the waterfront, beach, train station, and everything that the downtown offers - restaurants, pubs, museums, live music, etc. The large, gorgeously landscaped grounds run from Winter Street to its frontage on Oliver Street, with cobblestone parking for 3 vehicles along with an oversize one-car garage. Renovated within the last 5 years.


Business Description

The current owners have run this inn on a part-time basis (they call it a hobby) so it has the potential for greatly increasing its business. With solid 5-star reviews on Trip Advisor, there has been almost no marketing done with most of their business coming from repeat guests and word of mouth. They currently limit the guests to adults only with no wedding parties or similar groups, seriously limiting their potential income - but that's the way they prefer to keep it - nice and quiet.


Reason for Selling


Terms & Asking Price

The real estate can be mortgaged, but the business assets and personal property would likely be cash.