Sea Captains Inn for Sale in Nantucket, Massachusetts, USA

Magnificent Historical Inn with 19 Guest Rooms

The Inn is located in the center of the town of Nantucket. Nantucket lies, to the south east of Cape Cod, Massachusetts, New England, USA. Nantucket is one of the most unique, historic, and visually stunning places in the world; “An Island of exceptional beauty.” The island is some 14 miles long and 3 ½ miles wide. The island’s total area is about 50 square miles or 30,000 acres. Originally a booming whaling port, Nantucket has been named a National Historic District and has architecturally changed little since the 17th century.

Pleasure boats now find safe harbor in one of the finest docking facilities in the world. Nearly 40 percent of Nantucket is protected conservation land. Several areas and habitats, natural groups of plants and animals, are rare to this region and even the world. The island has wide sandy beaches, as beautiful as any in the world. Boating, fishing such as surfcasting for stripers and bluefish or chartering a boat for deep-sea fishing are popular activities.

Nantucket’s cultural offerings are year-round with theatrical performances, music, art, film, and literature. Many boutique shops, art galleries and museums are also open year round. Nantucket is accessible any time of year by boat or plane. The island is seasonal, therefore it is a a summer destination for many people, however, the shoulder months are also popular celebrating events in April when millions of daffodils herald the coming of spring and the Annual Christmas Stroll the first weekend in December as part of a month-long Nantucket Noel celebration. The Inn was open all year except for January, February and November approx. 236 days. Occupancy rates for 2004 were 54% compared to 52% in 2003.

The Average daily rate for 2004 was $207.75 compared to $204.19 in 2003. Revenue for 2004 was $500k with a profit of $300k. In previous years, the property operated on a seasonal basis from mid April to mid October, and during Nantucket’s renowned Stroll Weekend in December. Business in 2005 is ahead of 2004.