Historic Bed & Breakfast
720 Kearsarge Road, North Conway, NH 03860
For Sale
$1,150,000
Commercial Sale, Conway, ME
Property Size7,800 SF
Lot Size0.61 Acres
Price / SF$147.44
Days on Market153
Property Features for 720 Kearsarge Road
General Information
Property type
Property subtype
Zoning
Rooms
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 569-4663
Listed By:
Pamela Adami
(603) 314-8668
Added: Jun 11
Changed: Oct 29
Last Checked: Nov 10 at 11:06PM
MLS# 1654064
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1773, this wood-frame lodging property includes 7,800 square feet on 0.61 acres and retains a historic bed-and-breakfast identity. The building is currently arranged for mid-term rentals, providing extended-stay housing, while a return to bed-and-breakfast operations is identified as an option. Interior finishes include tile, wood, vinyl, and carpet, with a basement and shingle and fiberglass roofing. Heating systems include hot water, forced air, electric, baseboard, natural gas, oil, and steam.
The property sits on Kearsarge Road in North Conway, near Cranmore Mountain, Story Land, Schouler Park, and North Conway Village. Public water and public sewer serve the site, which is zoned RA. Showings are scheduled in advance because residents currently occupy the property.
The property sits on Kearsarge Road in North Conway, near Cranmore Mountain, Story Land, Schouler Park, and North Conway Village. Public water and public sewer serve the site, which is zoned RA. Showings are scheduled in advance because residents currently occupy the property.
Key Highlights
- 7,800‑square‑foot lodging property on 0.61 acres
- Built in 1773 with wood‑frame, clapboard, and wood siding construction
- Currently configured for mid‑term and extended‑stay rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,812
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,956,240
$2.0M
Cap Rate 7%
$1,397,314
$1.4M
Cap Rate 9%
$1,086,800
$1.1M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$234.0K $30.00/SF
− Vacancy
−$28.1K −$3.60/SF
EGI
$205.9K $26.40/SF
− OpEx
−$108.1K −$13.86/SF
NOI
$97.8K $12.54/SF
Area
Carroll County, NH
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,956,240
Cap Rate 7%
$1,397,314
Cap Rate 9%
$1,086,800
Alternative Uses
Best Use
Hotel Hospitality
$1.40M
$1.22M – $1.63M
NOI $97,812 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,270 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,334 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 03860, NH
3,910
Population
3,169
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
169
Density / Sq Mi
$81,771
Median Household Income
$45,915
Median Earnings
$1,094
Median Rent
$328,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Historic lodging property configured for mid-term rentals with public water and sewer service.
Where is this bed & breakfast located?
The property is located at 720 Kearsarge Road North Conway, NH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,800‑square‑foot lodging property on 0.61 acres; Built in 1773 with wood‑frame, clapboard, and wood siding construction; Currently configured for mid‑term and extended‑stay rentals
