Properties

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.

Property Details
Active
$15, 881
2023
0
Business
66, 211 Sqft
Yes
$0
200
No
Location
741 & 747 Ocean Boulevard
NH-Rockingham
US
NH
Rye
03870
NH-Rockingham
No
Exterior
: Paved, On-site, Parking Spaces 11 - 20
0
Room Details
Land/Building/Business
Utilities
On-Site Septic Exists, Private
Cable - At Site
Listing Info
15966

For Sale

741 & 747 Ocean Boulevard, Rye, New Hampshire 03870

1.52 Acre
$5,995,000
MLS # 5007285
Basic Info
Jim Doucette Real Estate, LLC
James Doucette
Property Type :
Listing Type : For Sale
Price : $5, 995, 000
Lot Area : 1.52 Acre
MLS # : 5007285
Days On Market : 64
Agent info
Cowan & Zellers
Contact Agent