Historic Isaac Merrill
720 Kearsarge Rd Conway North Conway, NH 03860
720 Kearsarge Rd Conway, North Conway, NH, 03860
$1,250,000
For Sale
$1,250,000
Historic property near North Conway Village with future opportunities.
Property Size7,800 SF
Price / SF$160.26
Days on Market64
Property Features for 720 Kearsarge Rd Conway
General Information
- Standard status
- Active
- Size
- 7,800 SF
Building Details
- Year Built
- 1773
Listing Agency
(508) 501-1443
Listed by
Alyson Roslonek
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Checked: Jul 17 at 2:29 am
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 Alyson Roslonek
Investment Insights
Based on property information with market context.
Located on Kearsarge Road in North Conway, the historic Isaac Merrill House, originally established in 1773, presents a blend of history and future opportunity in the Mount Washington Valley. The 7,800 square foot property operated for many years as a bed & breakfast. Currently, the building is configured for mid-term rentals, providing extended-stay housing. The location is minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village, placing residents and guests in the center of year-round recreation and activity. The property offers flexibility to continue the current extended-stay rental model, or explore the possibility of reestablishing the building as a bed & breakfast.
Key Highlights
- Historic Isaac Merrill House (est. 1773) offers unique character and appeal.
- Prime location minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village.
- Strong rental demand in the White Mountains.
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
NOI $97,812 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,270 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,334 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar Off Market Nearby
- Red Elephant Inn — Locust Ln, North Conway, NH 03860
- Base Lodge Ski Condo — 25 Hawke Rd, North Conway, NH 03860
- Otter Ski Club — 92 Seavey St, North Conway, NH 03860
- 1768 Country Inn — 2333 White Mountain Hwy, North Conway, NH 03860
- Savard Building — 24 Reporter Ct, North Conway, NH 03860
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 Rd Conway North Conway, NH.
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 (est. 1773) offers unique character and appeal.; Prime location minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village.; Strong rental demand in the White Mountains.
