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196 Shore Road, Chatham, MA, 02633 | $25,000,000
An exceptionally rare opportunity to acquire The Hawthorne in the heart of esteemed Chatham! Family-owned and operated since 1959, THE HAWTHORNE motel (32 total units) is offered for sale for the first time in 66 years! Perched on 3. 2 ACRES with SWEEPING PANORAMIC WATER VIEWS of Pleasant Bay and the Atlantic Ocean, the property features an expansive lawn and PRISTINE PRIVATE BEACH with nearly 150 linear feet of ocean frontage. 196 SHORE ROAD is a short walk from boutique shops, fine dining, Chatham Seaside Links golf course, the famed Fish Pier and the iconic Chatham Lighthouse. THE HAWTHORNE offers the next owner the flexibility to continue operating a distinguished hospitality business, potentially expand on the existing improvements, completely redevelop a commercial property or give life to an unparalleled residential masterpiece. Buyer prospects are responsible for all due diligence. Don't miss this PREMIER OCEANFRONT OPPORTUNITY in the undeniably FINEST LOCATION in all of Cape Cod!
Features
- Property Type: Other
- Current Use: Hotel/Motel
- Permitted Use: Hotel/Motel
- Construction: Shingle Siding, Frame
- Parking: 32-car
- Levels: 12
- Approx Lot Sq. Feet: 139,392
- Units: 32
- Zoning: R40
- Laundry: Common Area
- Year Built: 1959
- Approx Sq. Feet: 13,388
- Acreage: 3.2
- Est. Taxes: $25,773
- Water Front: Yes
- School District: Monomoy
- Appliances: Electric Water Heater
- MLS#: 22504216
- Website: https://www.raveis.com
/prop/22504216/196shoreroad_chatham_ma?source=qrflyer
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William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
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
196 Shore Road, Chatham, MA, 02633
$25,000,000
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 | $20,000,000 | $20,000,000 | $20,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | $2,148 | $2,148 | $2,148 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $108,897 | $118,308 | $164,746 |
| Total Monthly Payment | $111,170 | $120,581 | $167,019 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630