MA > Salisbury
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
Salisbury, MA 01952,175 Bridge Rd
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Steven Rovithis

Steven Rovithis

+1(413) 478-0199
$4,999,000
Est. payment /mo
20 Beds
20.5 Baths
21,319 SqFt
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UPDATED:

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

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Listed by Compass

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Steven Rovithis

Steven Rovithis

+1(413) 478-0199

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175 Bridge Rd