741 & 747 Ocean BLVD Active Save Request In-Person Tour Request Virtual Tour
Rye,NH 03870
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5007285
Annual Tax Amount $15,881
Tax Year 2023
Lot Size 1.520 Acres
Property Description
This 1950s 4-season motor inn underwent a complete, historically sensitive renovation in 2021. Completely modernized for today's traveler while reintroducing the on-trend, retro-themed decor, this unique property is poised for continued growth. Offering 12 studio and 1-bedroom units over two structures, these apartment-style rooms provide the flexibility for longer stays as each has its own full kitchen and bathroom. Current ownership operates as a limited service apart-hotel model with year over year growth since opening in 2021. Approvals are in place add a 1000 sq ft, 2-bedroom apartment above the retail/office space. Ability to add a 15th bedroom on property is viable. The oversized, heated pool with spacious deck and bold views to the Isles of Shoals is an ideal for setting for small events. The large, flat yard can accommodate tents, a perfect setting for popular micro-weddings of 30 or less guests. The poolside cabana with bathroom has been designed to accommodate a commercial caterer?s kitchen/bar for event purposes. The property also includes a petite retail/office space that houses the popular boutique: The Swim Shop. Continue to operate this seasonal retail component or lease for additional income. Set across Ocean Boulevard from the ocean and a short walk to Odiorne State Park. The property could be ideal for the resident owner operator with the addition of the 2-bedroom apartment or as part of a portfolio model. Or re-imagine this rare 1.52 ac. ocean view parcel.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning Business
Interior
Inclusions Land/Building/Business
Exterior
Garage On-Site,Parking Spaces 11 - 20,Paved
Garage Description On-Site,Parking Spaces 11 - 20,Paved
Utilities Available Cable - At Site
Building
Sewer On-Site Septic Exists,Private