1. New Hampshire
2. Rye
3. 150 Lafayette Road

150 Lafayette Road, Rye, NH 03870

Property Description

This listing courtesy of Tony Jalbert, Tate & Foss Sotheby's International Rlty

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.

Listing Status:

Active

Date Added:

August 22, 2024 at 05:00AM

Listing Office:

Tate & Foss Sotheby's International Rlty : 603-964-8028

Listing Agent:

Tony Jalbert : 603-964-8028

MLS ID:

5010796

Interior

• Basement: ConcreteConcrete FloorExterior AccessFinishedInsulatedInterior AccessPartially FinishedSlabStorage SpaceStairs - BasementStairs - ExteriorStairs - Interior
• A/C: Central ACMini SplitMulti Zone
• Heating: ElectricForced AirHeat PumpMulti ZonePropaneMini Split
• Disability Feature: Access Common Use AreasAccess Laundry No StepsAccess Mailboxes No StepsAccess ParkingAccess RestroomsAccessibility FeaturesPaved Parking

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Tony Jalbert, Tate & Foss Sotheby's International Rlty