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USANHRye150 Lafayette Rd
150 Lafayette Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Rye NH | Image 1
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$4,995,000

150 Lafayette Rd, Rye, NH

Real Estate

For Sale

$--,---,---
000

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 392
Approx. Age 1970
MLS® Number 5010796

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number5010796
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Forced Air, Heat Pump, Zoned, Propane, Mini Split
A/CCentral Air, Mini Split, Zoned
Heating Fuel

Extras

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