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10-Unit Motel with Lake Access
New
For Sale
$2,595,000

435 South Mayhew Turnpike, Hebron, NH 03241

Rebuilt and expanded hospitality property with deeded access to Newfound Lake.

Property SizeContact for details
Lot Size19.50 Acres
Days on Market2

Property Features for 435 South Mayhew Turnpike

General Information

Standard status Active
Lot size 19.50 Acres
Property subtype Commercial
Zoning 04 - Lake District

Taxes and HOA fees

Annual Taxes $5,623

Building Details

Year Built 1957
Units 10
Listing Agency: Kw Coastal And Lakes & Mountains Realty/Wolfeboro
Listed By: Adam Dow
Source: Startpoint
Added: Aug 7 Changed: Aug 8 Last Checked: Aug 8 at 2:37AM

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 Kw Coastal And Lakes & Mountains Realty/Wolfeboro

Investment Insights

Based on property information with market context.

The Kelby Motel is a 10-unit hospitality property on 19.5 acres in Hebron, New Hampshire. The improvements were comprehensively rebuilt and expanded, with redesigned guest rooms, a guest lounge, and a full coffee shop. The property was originally built in 1957 and is zoned 04 - Lake District.

Deeded access to Newfound Lake accompanies the property, which overlooks the lake and includes mountain views toward the foothills of the White Mountains. The site is positioned within New Hampshire’s Lakes Region, with surrounding recreational context that includes boating, hiking, fall foliage, and winter sports. The existing hospitality improvements and on-site coffee shop provide an established operating configuration for continued motel use.

Key Highlights

  • 10‑unit motel on 19.5 acres
  • Deeded access to Newfound Lake
  • Guest rooms were redesigned as part of a comprehensive rebuild and expansion

Property Analytics

Current Use

Motels

Suggested Use

Top Pick Restaurant Hotel & Motel Bed & Breakfast

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

7
Businesses Nearby
Well-served
Demand for This Use

Demographics for 03241, NH

953
Population
783
Households
1.2
Avg Household Size
61
Median Age
42%
College-Educated
95%
High-School Grad
37.0 sq mi
ZIP Area
26
Density / Sq Mi
$91,528
Median Household Income
$35,208
Median Earnings
$1,550
Median Rent
$401,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Hillside Inn Condos 132 Mayhew Turnpike, Plymouth, NH 03264

Frequently Asked Questions

What type of property is this?
Motel - Rebuilt and expanded hospitality property with deeded access to Newfound Lake.
Where is this motel located?
The property is located at 435 South Mayhew Turnpike Hebron, NH.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 10‑unit motel on 19.5 acres; Deeded access to Newfound Lake; Guest rooms were redesigned as part of a comprehensive rebuild and expansion
More about this property
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