MA > Salisbury
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
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Dacey McGovern

Dacey McGovern

+1(617) 366-9353
$ 4,999,000
Est. payment | /mo

20 Beds

20.5 Baths

21,319 SqFt

Save
$ 4,999,000
Est. payment | /mo
Save

20 Beds

20.5 Baths

21,319 SqFt

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

Listed by Compass
Dacey McGovern

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(617) 366-9353

daceymcgovern@gmail.com

361 Newbury St, Boston, MA, 02115, USA

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175 Bridge Rd