150 Lafayette Rd Rye, NH 03870
- Motels
- 28,425 SF
- 3.00 lot acres
Current Use by Public Records
- Kane Insurance / Insurance Agency
- Diagnostic Ultrasound Suite 3D/4D / Medical Diagnostic Imaging Center
- Redfeather Healing Arts Center / Life Coach / Reiki Therapist
- Nevaeh Salon / Massage Therapist / Nail Salon
- The Inn At Rye Place / Motel / Business Center
Property Details for 150 Lafayette Rd
- Year built
- 1800
- Construction
- FRAME
- Lot size
- 3.00 lot acres
- Property size
- 28,425 SF
- Zone code
- COM
- Property type
- Motels
- APN
- RYEE M:010 B:014
- APU
- RYEEM010B014
Description
This exceptional investment opportunity presents a unique mixed-use property in Rye, New Hampshire. The property, known as Rye Place, encompasses a charming 27-key boutique hotel and a 16-unit retail/office mall, all situated on a sizable 4.08-acre lot. Built circa 1790, the 52,507-square-foot property has undergone over $2,000,000 in recent capital improvements, resulting in a beautifully renovated hotel and retail space. The hotel, Inn at Rye Place, currently operates seasonally (May 1st - October 30th), but possesses a permit for year-round operation, presenting significant revenue growth potential. The retail/office mall is anchored by a newly opened restaurant, and tenant leases and financial information are available upon request following the execution of a Non-Disclosure Agreement. The property boasts 104 parking spaces and excellent visibility and access from both north and south. Offered at $5,495,000, this investment opportunity projects a strong 10.5% cap rate, suggesting substantial income generation potential. Its convenient location offers easy access to downtown Portsmouth, NH, Boston, MA, and Portland, ME. This is a rare chance to acquire a historically significant, high-performing mixed-use property with considerable upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,145,000
- 6.5%
- $1,215,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,105,000
- Geo Method
- $975,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,010,000
- Retail
- $955,000
- Mixed-Use
- $1,030,000
- Hospitality
- $945,000
- Educational
- $1,015,000
- Residential Income
- $1,170,000
- Energy
- $1,080,000
- Income-Based Land
- $1,115,000
- Food Service
- $1,220,000
Location Insight
- Map
- Local Demand
- City
- Rye
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.8047
- Latitude
- 43.0096
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
