175 Bridge Rd new Save Request In-Person Tour Request Virtual Tour
Salisbury,MA 01952
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 21,319 sqft
Price per Sqft $234
MLS Listing ID 73437514
Bedrooms 20
Full Baths 19
Half Baths 3
Year Built 1960
Annual Tax Amount $25,729
Tax Year 2025
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type 5+ Family - Rooming House
Property Description
Discover a rare coastal investment opportunity—a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyport's STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios, 3 Standard King Studios & 5 Double Queen Studios. The restaurant (The Slip) provides a variety of options—operate existing restaurant, lease to a new owner, convert to high-end suites (w/ town approvals), etc. The property could be delivered fully furnished/equipped. This is a legacy asset where lifestyle, hospitality, & investment intersect.
Location
State MA
County Essex
Zoning C
Direction Conveniently located directly off of Route 1 and Bridge Road.
Interior
Fireplaces Number 2
Exterior
Community Features Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Stable(s),Golf,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Marina,Private School,Public School
Waterfront Description Unknown To Beach
View Y/N Yes
View Scenic View(s)
Total Parking Spaces 60
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false