Under Agreement
175 Bridge Rd, Salisbury, MA
Salisbury · MA 01952
- $4,899,000
- Price
- 20
- Beds
- 20.5
- Baths
- 21319
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
18 Units
Lot size:
0.9 Acre Lot
Price per square foot:
$230 / Sq.Ft
Parking:
60 Off Street Spaces
About this home
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.
Neighborhood & Transit
175 Bridge Rd, Salisbury · MA 01952
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 302 days
- Listing Price:
- $4,899,000
- Price per Sq.Ft:
- $230
- Tax Assessment:
- $2,552,500 in 2025
- Taxes:
- $2,144 / Monthly
Home Facts
Interior Features
- Bedrooms
- 20
- Full Bathrooms
- 19
- Half Bathrooms
- 3
- Living Area
- 21,319 Sq.Ft
- Broker Disclosure about Living Area
- Buyer to do own due diligence
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 21319
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 39,282 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 60 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Shingles, Other (See Remarks)
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- The Bakhtiari Group
- Listing office
- Compass
- MLS PIN #
- 73437514
- Disclosure
- Email offers along with letter of intent/proof of funds, and signed property disclosures... Seller or seller's agent make no representations or warranties. Buyer to do own due diligence...
- Disclosure
- Buyer to do own due diligence