Homes for sale - 150 Lafayette RD, Rye, NH 03870

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Mandolyn McIntyre

[email protected] +1(802) 683-1617

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

$5,495,000

Est. payment - /mo

4.08 Acres Lot

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UPDATED:

12/01/2024 02:21 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 1970

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 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.

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

Cooling Central AC, Mini Split, Multi Zone

Inclusions Equipment, Inventory, Land/Building/Business

Equipment Air Conditioner, Smoke Detectr-Hard Wired

Exterior

Parking Features 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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Mandolyn McIntyre

Agent | License ID: 082.0134671

+1(802) 683-1617 | [email protected]

150 Lafayette RD Rye, NH 03870

Mandolyn McIntyre

Key Details

Location

Rooms

Interior

Exterior

Building

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150 Lafayette RD