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    Historic Conway Property on Kearsarge Title is generated by Realmo AI

    720 Kearsarge Road, North Conway, ME 03860

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    Claim this Listing
    For Sale
    $1,250,000

    COMMERCIAL - Conway, ME

    Property size:
    7,800 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $160/SF
    Added:
    May 29, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 27 at 5:06 pm

    Property Features for 720 Kearsarge Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RA
    Rooms
    Basement
    Basement
    Unfinished
    Standard status
    Active
    Size
    7,800 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11681

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard, Electric (Heating), Hot Water(Heating), Forced Air, Steam, Oil
    Water source
    Public

    Building Details

    Year built
    1773
    Number of units
    17
    Flooring type
    Vinyl, Tile, Wood, Carpet
    Building materials
    Wood Frame, Clapboard, Wood Siding
    Roof type
    Shingle, Fiberglass

    We can help!

    Contact an agent
    Pamela Adami

    Listing agent Pamela Adami

    Listing office Keller Williams Coastal and Lakes & Mountains Realty 2779 White Mountain Highway, Portsmouth, ME

    Listing date May 29, 2026

    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.

    HighLights

    • Historic Isaac Merrill House established in 1773
    • Currently configured for mid‑term rentals (extended‑stay housing)
    • Basement included; exterior materials include wood frame, clapboard, and wood siding
    • Public water and public sewer
    • Roofing includes shingle and fiberglass
    • Heating systems include natural gas, baseboard, electric, hot water, forced air, steam, and oil

    Overview

    Located on Kearsarge Road in North Conway, the Isaac Merrill House, established in 1773, presents a blend of history and future opportunity. The property, with a size of 7800 Square Feet and a lot size of 0.61 acres, previously operated as a bed & breakfast. Currently, the building is configured for mid-term rentals, providing extended-stay housing. The location is near Cranmore Mountain, Story Land, Schouler Park, and North Conway Village, placing residents and guests in proximity to year-round recreation and activity. The zoning is RA. The property offers flexibility for a future owner to continue the current extended-stay rental model or reestablish the building as a bed & breakfast. The property is located in Conway, Maine.

    Local Financial Insights For Hotel Hospitality

    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 $234.0k $30.00
    − Vacancy −$28.1k −$3.60
    EGI $205.9k $26.40
    − OpEx −$108.1k −$13.86
    NOI $97.8k $12.54
    7,800 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 52.50%

    Alternative Uses

    Best Use
    Hotel Hospitality
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,812 @ 7.0% cap · market cap 7.82%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.95M
    $1.70M – $2.27M (±1% cap)
    NOI $136,334 @ 7.0% cap · market cap 10.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Dental Office Spa & Massage Center Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Conway
    County
    Carroll
    State
    Maine
    Longitude
    -71.0915
    Latitude
    44.0406

    FAQs

    What type of property is this?
    Bed & breakfast - Historic property near North Conway Village with future opportunities.
    Where is this bed & breakfast located?
    The property is located at 720 Kearsarge Road North Conway, ME.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Historic Isaac Merrill House established in 1773; Currently configured for mid‑term rentals (extended‑stay housing); Basement included; exterior materials include wood frame, clapboard, and wood siding
    More about this property
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