Afonso Real Estate is pleased to offer investors the opportunity to acquire a rare hospitality asset in the heart of Northborough, featuring a 77-key motel and a separate 7,000 SF restaurant building. This well-located property offers strong income potential with multiple revenue streams, ideal for owner-operators or value-add investors.The motel provides a solid foundation with 77 guest rooms, ample parking, and convenient access for travelers. The detached restaurant space allows for lease income, owner operation, or repositioning to a new concept.With easy access to major highways and regional demand drivers, the property benefits from steady traffic and visibility. This is a compelling opportunity to enhance, rebrand, or redevelop a scalable asset in a desirable Central Massachusetts market.
380 Sw Cutoff, Northborough, MA, 01532
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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