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150 lafayette road

Rye, NH 03870

$5,495,000

4.07 AC LOT
Commercial
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Acreage 4.08
Status Active
MLS # 5010796
County Rockingham
More Info
Category Commercial
Status Active
Acreage 4.08
MLS # 5010796
County Rockingham
Listed By: Listing Agent Tony Jalbert
Tate & Foss Sotheby's International Rlty
Tate and Foss Sothebys International Realty is 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. 1790, 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 $5,495,000 which translates into a robust cap rate of 10.5% 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.
Location not available

Exterior Features

  • Construction Wood Frame, Wood Exterior
  • Roof Shingle - Asphalt
  • Garage No
  • Garage Description On-Site
  • Water Public
  • Sewer 1500+ Gallon, Leach Field, Leach Field - Existing, Leach Field - On-Site, Private, Pumping Station,

Interior Features

  • Heating Electric, Forced Air, Heat Pump, Multi Zone, Propane, Mini Split
  • Cooling Central AC, Multi Zone, Mini Split
  • Basement Concrete, Concrete Floor, Finished, Insulated, Partially Finished, Slab, Stairs - Exterior, Stairs - Interior, Storage Space, Interior Access, Exterio
  • Year Built 1970

Financial Information

  • Zoning COM

Additional Services

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Listing Information

Listing Provided Courtesy of Tate & Foss Sotheby's International Rlty
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/2024.
Listing data is current as of 12/23/2024.

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