Renovated Victorian Hospitality
342 Us Route 302 Bartlett, NH 03812
342 Us Route 302, Bartlett, NH, 03812
$1,550,000
For Sale
$1,550,000
2.5-story Victorian building on 8.3 acres with commercial kitchen, 12 bedrooms, and dedicated parking off US Route 302 frontage.
Property Size7,933 SF
Lot Size8.30 Acres
Price / SF$195.39
Days on Market112
Property Features for 342 Us Route 302
General Information
- Standard status
- Active
- Size
- 7,933 SF
- Lot size
- 8.30 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Pinkham Real Estate
Listed by
Greydon Turner
(603) 745-8300
Source
Nhrecprop
Added: Apr 2 Updated: Jul 22 at 9:39AM Checked: Jul 22 at 9:39AM
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 Pinkham Real Estate
Investment Insights
Based on property information with market context.
Prominent 2.5-story Victorian-era hospitality property originally constructed in 1900 and comprehensively renovated in 2015. The building offers 12 bedrooms, 14.5 bathrooms, and a two-bedroom owner’s apartment, along with a full basement totaling 2,484 SF of additional space. Interior features include hardwood and carpet flooring with drywall finishes, and a gable/hip asphalt roof with replacement completed in 2021. Heating and cooling are supported by an oil-fired hot water heating system supplemented by 14 individually zoned mini-split HVAC units installed in 2017 for 100% central air conditioning, with the entire living area protected by a fire sprinkler system.
The property sits on an 8.3-acre, level-to-rolling site with delineated wetlands and dedicated parking, served by municipal water and accessed via a paved driveway. It has covered porch space and outdoor grounds with gardens and walking paths, and is located on US Route 302 frontage in the Mount Washington Valley area, with proximity to Attitash Mountain Resort and Story Land, North Conway Village, and the White Mountain National Forest.
On-site amenities include a fully equipped commercial kitchen with walk-in capability, cold storage, and a gas fireplace. Additional recent capital improvements include new mattresses (2022), updated smart TVs (2023), bathroom renovations, and fresh interior paint, plus a new septic system engineered and installed in 2018.
The property sits on an 8.3-acre, level-to-rolling site with delineated wetlands and dedicated parking, served by municipal water and accessed via a paved driveway. It has covered porch space and outdoor grounds with gardens and walking paths, and is located on US Route 302 frontage in the Mount Washington Valley area, with proximity to Attitash Mountain Resort and Story Land, North Conway Village, and the White Mountain National Forest.
On-site amenities include a fully equipped commercial kitchen with walk-in capability, cold storage, and a gas fireplace. Additional recent capital improvements include new mattresses (2022), updated smart TVs (2023), bathroom renovations, and fresh interior paint, plus a new septic system engineered and installed in 2018.
Key Highlights
- 2.5‑story Victorian‑era commercial building built in 1900 with 8,600 SF on an 8.3‑acre parcel
- Comprehensive renovation completed in 2015; includes 12 bedrooms and 14.5 bathrooms plus a 2‑bedroom owner’s apartment
- Full 2,484 SF basement and protected living area with a fire sprinkler system
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.8k | $18.00 |
| − Vacancy | −$8.6k | −$1.08 |
| EGI | $134.2k | $16.92 |
| − OpEx | −$33.6k | −$4.23 |
| NOI | $100.7k | $12.69 |
7,933 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,670 @ 7.0% cap · market cap 6.49%
Second Best
Hotel Hospitality
$1.42M
$1.24M – $1.66M
NOI $99,480 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,659 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar For Sale Nearby
Similar Off Market Nearby
- The Notchland Inn — 2 Morey Rd, Hart's Location, NH 03812
FAQs
What type of property is this?
Bed & breakfast - 2.5-story Victorian building on 8.3 acres with commercial kitchen, 12 bedrooms, and dedicated parking off US Route 302 frontage.
Where is this bed & breakfast located?
The property is located at 342 Us Route 302 Bartlett, NH.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 2.5‑story Victorian‑era commercial building built in 1900 with 8,600 SF on an 8.3‑acre parcel; Comprehensive renovation completed in 2015; includes 12 bedrooms and 14.5 bathrooms plus a 2‑bedroom owner’s apartment; Full 2,484 SF basement and protected living area with a fire sprinkler system
