Properties

Property Description

THIS PROPERTY PRESENTS A RARE OPPORTUNITY TO BE PART OF THIS ICONIC NEW ENGLAND SEACOAST AND OWN A MOTEL WITH AN ATTACHED MALL WITH FULLY OCCUPIED RETAIL SPACES. 150 Lafayette Rd (Rye Place) is a 4.07 acre property situated on Route 1 in prestigious Rye, New Hampshire. The building consists of a 27 room completely renovated motel with a 2-bedroom manager’s apartment as well as a fully occupied 16-unit mall attached. Also, there is 3,000 plus square feet of undeveloped useable space. Rye Place is located in the epicenter of the New Hampshire Seacoast on Route 1 with easy access to everything local. A short 3 mile drive to local beaches, downtown Portsmouth and I-95 to Maine or Massachusetts.  Here are a just a few of the many updates that have been done throughout the property over the last 3 years: Hotel rooms remodeled top to bottom, Keyless entry system installed, New landscaping front and back including paving and walkways, Modern Mitsubishi Mini Splits, Electrical and plumbing throughout the lower level of inn is all new, New Fire Prevention system added to the lower level, New Irrigation system for the entire property, New septic system installed in 2021, a diverse group of long-term tenants including a 60 seat restaurant with outdoor seating, and a Gourmet Café with indoor/outdoor seating coming in early summer of 2023.  If you hurry, you can take advantage of the very busy summer season!

Property Details
Active
$12, 852
2022
0
COM
0 Sqft
Yes
$123
Unknown
Location
150 Lafayette Road
NH-Rockingham
US
NH
Rye
03870
NH-Rockingham
No
Traveling North on Lafayette Road The Inn at Rye Place is on the right-hand side of Route One in Rye, NH
Exterior
Wood Frame
Concrete, Granite
Shingle - Asphalt
0
Landscaped, Major Road Frontage
Interior
: Stairs - Interior, Partial, Interior Access
Room Details
Equipment, Inventory, Land/Building/Business
Utilities
1500+ Gallon, Concrete, Leach Field - Existing, Leach Field - On-Site, Private, Pumping Station, Septic Design Available
Public
200 Amp, Circuit Breaker(s)
Cable - At Site, Cable - Available, High Speed Intrnt -AtSite, High Speed Intrnt -Avail, Telephone At Site, Telephone Available
Access Common Use Areas, Access Laundry No Steps, Access Mailboxes No Steps, Access Parking, Access Restrooms, Accessibility Features, Paved Parking
Listing Info
Eric
Levin
KW Coastal and Lakes & Mountains Realty
04/22/2023 22:37:15

For Sale

150 Lafayette Road, Rye, New Hampshire 03870

$5,900,000
MLS # 4948607
Basic Info
KW Coastal and Lakes & Mountains Realty
Eric Levin
Property Type :
Listing Type : For Sale
Price : $5, 900, 000
MLS # : 4948607
Days On Market : 32
Agent info
Cowan & Zellers
Contact Agent