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.
ATTENTION DEVELOPERS / BUILDERS / INVESTORS. Prime opportunity to build your choice of an amazing single family, duplex or three new condominiums. Raze existing legal three family (currently with fourth in-law unit) structure and construct new units. Very nice rectangular flat lot a short distance south of the center. New construction could have incredible 360 views. Salisbury Big Block / One Oceanfront is in its final stages of approval and will forever change the center bringing yet more higher end, upscale residential units to the center. This is one of the last remaining legal three unit lots. Short distance to Public Access 3, a pretty section situated between the State Beach Reservation and the center. Seller intended to redevelop the lot but may be leaving this area and offering this great opportunity. Seller may consider a partnership or creative buyer financing or to retain a unit.
Salisbury is located in Massachusetts. Salisbury, Massachusetts has a population of 9,152. Salisbury is less family-centric than the surrounding county with 25.82% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Salisbury, Massachusetts is $92,048. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Salisbury is 48.2 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 49.9 inches per year, with 56.4 inches of snow per year.
