NH > Rye
Rye, NH 03870,150 Lafayette RD
Rye, NH 03870,150 Lafayette RD
Rye, NH 03870,150 Lafayette RD
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Listed by Tony Jalbert • Tate & Foss Sotheby's International Rlty
$4,995,000
Est. payment /mo
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4.08 Acres Lot
Active

150 Lafayette RD Rye, NH 03870

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Rebecca Hyde

Rebecca Hyde

+1(978) 400-2426

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5010796

Year Built 1970

Annual Tax Amount $16,975

Tax Year 2024

Lot Size 4.080 Acres

Acres 4.08

Property Description

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.

Location

State NH

County Nh-rockingham

Area Nh-Rockingham

Zoning COM

Rooms

Basement Entrance Interior

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

Interior

Cooling Central AC, Mini Split, Multi Zone

Inclusions Equipment, Inventory, Land/Building/Business

Exterior

Utilities Available Cable at Site, Cable Available, Telephone at Site, Telephone Available

Roof Type Asphalt Shingle

Building

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

PrimeMLS

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agent

Rebecca Hyde

Team Leader and Real Estate Agent | License ID: 9580112

+1(978) 400-2426

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150 Lafayette RD