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    150 Lafayette Rd Rye, NH 03870

    Sponsored
    For Sale
    $5,495,000

    Historic Inn & Retail Complex, High ROI

    Property size:
    52,507 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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.

    Property Features for 150 Lafayette Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    52,507 SF
    Lot Size
    177,725 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Kane Insurance Insurance Agency Diagnostic Ultrasound Suite ... Medical Diagnostic Imaging Center Redfeather Healing Arts ... Life Coach Nevaeh Salon Hair Salon The Inn At Rye Place Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rye
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.80492
    Latitude
    43.00948

    Nearby Comparable

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      Land For Sale

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      Portsmouth Mixed-Use Opportunity

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      Motorsports Showroom and Service Center

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Inn & Retail Complex, High ROI
    Where is this commercial real estate located?
    The property is located at 150 Lafayette Rd Rye, NH.
    What is the asking price?
    The asking price for this property is $5,495,000.
    Request Owner's contact information
    150 Lafayette Rd Rye, NH 03870
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    Rye, NH 03870
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Lafayette Rd Rye, NH 03870
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