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Brie Stephens

[email protected] +1(603) 819-8071

Listed by Tony Jalbert • Tate & Foss Sotheby's International Rlty

$ 6,400,000

Est. payment -/mo

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Active

150 Lafayette RD Rye, NH 03870

4.08 Acres Lot

UPDATED:

08/26/2024 03:15 PM

Key Details

Property Type Commercial

Sub Type Business,Hospitality,Investment,Office,Opportunity,Other,Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5010796

Year Built 1790

Annual Tax Amount $15,778

Tax Year 2023

Lot Size 4.080 Acres

Acres 4.08

Property Description

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 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 November 30. Permit in place to operate on a year round basis. The investment opportunity is being offered with pricing guidance at $6,400,000, which translates into a robust cap rate of 8.6% 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.

Location

State NH

County Nh-rockingham

Area Nh-Rockingham

Zoning COM

Rooms

Basement Entrance Interior

Basement Concrete, Concrete Floor, Finished, Insulated, Partially Finished, Slab, Stairs - Exterior, Stairs - Interior, Storage Space, Interior Access, Exterior Access, Stairs - Basement

Interior

Heating Electric, Gas - LP/Bottle

Cooling Central AC, Multi Zone, Mini Split

Inclusions Equipment, Inventory, Land/Building/Business

Equipment Smoke Detectr-Hard Wired, Air Conditioner

Exterior

Garage On-Site

Garage Description On-Site

Utilities Available Cable - At Site, Cable - Available, Telephone At Site, Telephone Available

Roof Type Shingle - Asphalt

Building

Foundation Concrete, Granite

Sewer 1500+ Gallon, Leach Field, Leach Field - Existing, Leach Field - On-Site, Private, Pumping Station, Septic Design Available, Septic

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Moultonborough, NH

Brie Stephens

Brie Stephens

150 Lafayette RD Rye, NH 03870

Key Details

Location

Rooms

Interior

Exterior

Building

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150 Lafayette RD