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Rye Coastal Development Opportunity
For Sale
$3,950,000

1191-1193 Ocean Blvd, Rye, NH 03870

Unique mixed-use property with development potential in coastal Rye, NH.

Property SizeContact for details
Lot Size0.99 Acres
Days on Market105

Property Features for 1191-1193 Ocean Blvd

General Information

Standard status Active
Lot size 0.99 Acres
Property subtype Investment

Building Details

Year Built 1958
Units 5
Listing Agency:
Listed By: Alex Loiseau
Source: Elliman
Added: Apr 28 Changed: Aug 8 Last Checked: Aug 10 at 8:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alex Loiseau

Investment Insights

Based on property information with market context.

This property, situated in coastal Rye, New Hampshire, features a double-sized lot spanning just under 1 acre. Currently, the site includes a seasonal restaurant/beach bar and a year-round multi-family building. A large storage barn is located at the rear of the expansive, open yard. This property presents a unique opportunity for potential development uses within Rye's business zone, surrounded by neighboring condo developments, commercial establishments, and high-end homes. The location offers views of sunrises at one of the best beaches on the east coast and sunsets with coastal wildlife to the rear of the property. This is a rarely available development site.

Key Highlights

  • Rare, near 1‑acre double lot in desirable coastal Rye, NH.
  • Unique development opportunity in Rye's business zone with diverse potential uses.
  • Existing structures include a seasonal restaurant/beach bar and a year‑round multi‑family building.

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Restaurant Grocery & Convenience Store Gym & Fitness Center Bed & Breakfast Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41
Businesses Nearby

Demographics for 03870, NH

5,234
Population
2,653
Households
2
Avg Household Size
54
Median Age
58%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
433
Density / Sq Mi
$127,772
Median Household Income
$72,398
Median Earnings
$1,521
Median Rent
$927,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Unique mixed-use property with development potential in coastal Rye, NH.
Where is this mixed-use property located?
The property is located at 1191-1193 Ocean Blvd Rye, NH.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Rare, near 1‑acre double lot in desirable coastal Rye, NH.; Unique development opportunity in Rye's business zone with diverse potential uses.; Existing structures include a seasonal restaurant/beach bar and a year‑round multi‑family building.
More about this property
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