Nine Traveler’s Accommodations

Offered at:$1,600,000
MLS Number: 2953407
Year Built: 1900
Building Size: 3487 Square Feet
Lot Size: .29 Acres
Property Type: Commercial
Property Status: Active

Here’s your opportunity to own a stand-alone travelers accommodation very near downtown Ashland. Currently professionally managed yielding 6.7% cap rate, keep it running this way, or step in, increase your return and put your own touch on the business. Nine travelers accommodations on two tax lots with long-term operations history. Currently part of Anne Hathaway’s B & B and Cottages. These 9 units are the cottages portion. Commercial zoning means owners need not live on premises. Made up of several buildings; one is 1890, one is 1900 and one is a two-story new construction in 2009. There is a common garden/club house area and off street parking. Strong financials and repeat clientele. There is upside for this business by more aggressively promoting winter business. This property is also part of the listing MLS #2398638 but is available for sale separately in this listing.