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150 Lafayette RoadRye, NH 03870MLS Number 5010796

  • Price: $6,400,000
  • 47 Days on Market
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
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150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870150 Lafayette Road Rye NH 03870
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  • 4.08Acreage
  • 1790Year Built
  • 52,507Square Feet
  • 2023Tax Year
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.
Listed by Tony Jalbert of Tate & Foss Sotheby's International Rlty

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Gilman Real Estate

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Gilman Real Estate
Office: 603-772-0808
39 Front St
Exeter, NH 03833

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Basic Information

  • Permission
    • Aerials
    • Certificate of Occupancy
    • Deed
    • Lease Agreements
    • Plot Plan
    • Property Disclosure
    • Septic Design
    • Survey
    • Tax Map
    • Town Approvals

Building

  • Year Built1790
  • NumberOfUnitsInCommunity46
  • FoundationConcrete, Granite
  • Square Feet52,507
  • BasementConcrete, Concrete Floor, Finished, Insulated, Partially Finished, Slab, Stairs - Exterior, Stairs - Interior, Storage Space, Interior Access, Exterior Access, Stairs - Basement
  • Rail Available Y/NNo

Amenities

  • Accessibility AmenitiesAccess Common Use Areas, Access Laundry No Steps, Access Mailboxes No Steps, Access Parking, Access Restrooms, Accessibility Features, Paved Parking
  • PricePerSqFt121.89

Tax Information

  • Tax Year2023

Location

  • Building Number150
  • StreetLafayette Road
  • TownRye
  • StateNH
  • Zip03870
  • CountyRockingham
  • Map10

Property

  • Acreage4.08
  • Parking Spaces
  • Property TypeCommercial Sale
  • Area
    • Commercial Zoning
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Shopping
    • Office Park
  • Lot Sqft177,725
  • Road Frontage482

Legal

  • Taxes$15,778.86
  • OtherStructuresEquipment, Inventory, Land/Building/Business
  • ZoningCOM

Basic Information

  • StatusACT
  • Modification Date08/26/2024
  • TypeBusiness, Hospitality, Investment, Office, Opportunity, Other, Retail
  • List Price$6,400,000
  • Broker NameTate & Foss Sotheby's International Rlty
  • Listing Agent NameTony Jalbert
  • Lister Office NameTate & Foss Sotheby's International Rlty
  • MLS Number5010796
  • MLS StatusActive

Exterior

  • RoofShingle - Asphalt

Utilities

  • FuelElectric, Gas - LP/Bottle
  • Heating CoolingForced Air, Heat Pump, Multi Zone, Mini Split
  • Phone CompanyVerizon

Other

  • AC percent100
  • Transport AccessCity Street, Major Road Access, Paved, State Highway
  • Date Listed08/22/2024
  • View Count7

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 8, 2024 9:13 AM EDT

 

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