850 White Mountain Highway Conway NH Commercial For Sale $2100000

List Price: $2,100,000 | $293 per sq.ft. Commercial
Space type Lodging on Saco River
Date Listed Wednesday Jan 31, 2024 | MLS# 4983669

Address: 850 White Mountain Highway Conway NH
Listed by Peter Metsch KW Coastal and Lakes & Mountains Realty
Description:
Nestled between Conway and North Conway, the Hitching Post Inn & Cottages has been providing lodging since the 1950's. With 13 motel-style units, 7 individual cabins and a single family caretaker's house that sits on 3.1 acres perched above the Saco River. The Hitching Post is currently being operated as an extended stay motel. Guests enjoy amenities such as on-site laundry, high speed internet, in-ground swimming pool and more. Investors will appreciate the impressive rent roll with additional value-add opportunities for the new owners. The current owners have addressed most of the major capital improvements as well as updating a lot of the units. New owners will enjoy collecting weekly rent with potential to add more cabins for even more revenue. Do not miss the opportunity to add this cash flowing gem to your portfolio.
Building Type : Business | Development | Hospitality | Investment | Multi-Family

Misc : Living Space Available

Sale Includes : Land/Building/Business

Features

Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0

Construction Information:
Year Built: 1955
Wood Exterior
Price Per SQ.FT. 293.21 No. of Units: 19
Building Size : 7162
Building Type: Business | Development | Hospitality | Investment | Multi-Family

Exterior

InteriorBasement: Unfinished

Land Information

Lot size: 3.1 acres
Zoned: RA
Surveyed: Unk
Garage And Parking: Off Street | Parking Spaces 21+ | Paved
No. of Docks | 0.

UtilitiesUtilities: Gas - LP/Bottle
AC % | 0.

Additional Information
Taxes $9,536
Assesed Value Not Reported

Schools

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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