 603-643-3942
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Price Change! reduced by $905,000 on November 29th 2024 $5,495,000 | $105 per sq.ft. Commercial Property, 150 Lafayette Road Rye NH | Space type Business w/ Real Estate,Free Standing Building,Lodging,Office Building,Retail Strip,Shopping Mall,Storefront Rye place subdivision, MLS# 5010796 |
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| DESCRIPTION
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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.
Building Type : Business | Hospitality | Investment | Office | Opportunity | Other | Retail Disability Features : Access Common Use Areas | Access Laundry No Steps | Access Mailboxes No Steps | Access Parking | Access Restrooms | Accessibility Features | Paved Parking Equipment : Smoke Detectr-Hard Wired | Air Conditioner Misc : Drip Irrigation | Fire System | Furniture Included | Inventory Included | Living Space Available | Phone System | Public Restrooms | Security System | Smoke/Heat Detectors | Programmable Thermostat Sale Includes : Equipment | Inventory | Land/Building/Business Signage-| Some Price per SQFT | 104.65 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0 Rail Service-| N | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Wood Frame | Wood Exterior | Price Per SQ.FT. 104.65 | Year Built: 1970 No. of Units-| 46 Building Size | 52507 Divisable SQFT | Yes Basement: Concrete | Concrete Floor | Finished | Insulated | Partially Finished | Slab | Stairs - Exterior | Stairs - Interior | Storage Space | Interior Access | Exterior Access | Stairs - Basement |
Building Type: Business | Hospitality | Investment | Office | Opportunity | Other | Retail Sprinkler | Dry. Roof: Shingle - Asphalt Garage And Parking: On-Site Road Frontage: 482 Heating: Electric | Forced Air | Heat Pump | Multi Zone | Propane | Mini Split Cooling: Central AC | Multi Zone | Mini Split Electric: 200 Amp | Circuit Breaker(s) | Underground Utilities: Cable - At Site | Cable - Available | Telephone At Site | Telephone Available No. of Docks | 0. No. of Drive Doors | 52507. AC % | 100. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 4.08 acres Zoned: COM SurveyedBy: Ambit Engineeri Flood Zone: No Road Frontage: 482 |
Transport Info: City Street | Major Road Access | State Highway | Paved Docs Available : Aerials | Certificate of Occupancy | Deed | Lease Agreements | Plot Plan | Property Disclosure | Septic Design | Survey | Tax Map | Town Approvals Taxes $15,779 | Assesed Value $1,841,200 in 2023 | ||
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated December 4th, 2024 |
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