$4,995,000

150 Lafayette Road , Rye, NH 03870

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:4.08
Year Built:1970
Listing Status:Active

Listing Agent

Tony Jalbert
http://tateandfoss.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

We are pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire Rye Place (Property), located at 150 Lafayette Road, Rye, New Hampshire, delivered fee simple and unencumbered by any brand affiliation. The subject property is a mixed use 27 key, two story boutique hotel with a 2-bedroom caretakers quarters and a two-story,16 unit retail/office mall, anchored by a newly opened restaurant.The Property, built in approx. 1970, sits on a 4.08-acre parcel with 52,507 square feet under roof and 104 parking places with excellent visibility and access coming from the north or south. Current ownership committed over $2,000,000 in capital improvements, completing a major renovation to the hotel and mall as part of a property improvement plan. Inn at Rye Place is operated seasonally from May 1 through October 30, with a tremendous upside to increase revenue on a year round basis. Permit in place to operate year round. The investment opportunity is being offered with pricing guidance at $4,995,000 which translates into a robust cap rate of 8% indicating an excellent potential for income generation. Tenant leases and financial information for existing retail spaces and hotel will be provided upon execution of a Non-disclosure Agreement. Rye Place is conveniently located to downtown Portsmouth NH, Boston, MA and Portland ME.

Detailed Items

Other Information

150 Lafayette Road, Rye, NH, 03870 is a commercial sale listing of 0 sqft on a lot of 4.08. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property150 Lafayette Road, Rye, NH
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