960 State Highway, Eastham, MA, 02642 | $3,650,000

This 22-unit Inn/Motel, catering to adults only, has been upgraded in every way since the current owners purchased it 12 years ago. Most upgrades have been completed recently. The improvements, both inside & out, have been tasteful and extensive. The Inn serves a continental breakfast to their guests on a sunny porch overlooking the woods. There is also a pool available for guests, back decks on most of the rooms, and a new gas fire pit out back. This property is at the Gateway to the Cape Cod National Seashore, & therefore close to world renowned Eastham beaches on both the bay & oceanside. Restaurants and shops are nearby as well as the Cape Cod Rail Trail. Summer concerts, events & programs at the Eastham Windmill & the Salt Pond Visitors Center are available. Easy access to both Orleans and the Outer Cape. With a great location & a quality guest experience, the sellers have been very successful. This has been a popular spot for vacationers for many years, as it has consistently been the #1 Motel/Inn on Trip Advisor & highly ranked on all travel sites for over 20 years. This is truly a turn-key property! Give us a call today to talk more about the many possibilities here.

Features

  • Property Type: Hotel/Motel
  • Current Use: Hotel/Motel, Inn / Motel
  • Permitted Use: Hotel/Motel, Inn / Motel
  • Construction: Clapboard, Shingle Siding, Sheet Rock, Frame
  • Garage: Parking Lot, Paved Lot, Off Street
  • Parking: 28-car
  • Levels: 3
  • Cooling: Wall Unit(s)
  • Approx Lot Sq. Feet: 103,935
  • Units: 22
  • Zoning: Residential
  • Laundry: Laundry Room
  • Year Built: 1960
  • Approx Sq. Feet: 8,403
  • Acreage: 2.39
  • Est. Taxes: $7,676
  • Lot Desc: Bike Path, School, Shopping, Major Highway, Medical Facility, House of Worship, Cape Cod Rail Trail, Additional Land Avai, East of Route 6
  • School District: Nauset
  • MLS#: 22304097
  • Website: https://www.raveis.com
    /raveis/22304097/960statehighway_eastham_ma?source=qrflyer
Courtesy of
All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than William Raveis Real Estate include the name of the listing company. Neither the listing company nor William Raveis Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision.

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

960 State Highway, Eastham, MA, 02642

$3,650,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,920,000 $2,920,000 $2,920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 7.125% 7.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.632% 7.254% 7.228%
Monthly Tax Payment $640 $640 $640
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,697 $19,673 $26,246
Total Monthly Payment $19,462 $20,438 $27,011

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.