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    850 White Mountain Hwy Conway, NH 03860

    For Sale
    $2,100,000

    19-Unit Motel, High Occupancy, Strong ROI

    Property size:
    7,162 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional investment opportunity in Conway, NH! This established 19-unit motel, boasting 100% occupancy, presents a compelling return on investment. Situated on a picturesque 3.1-acre lot overlooking the Saco River, between Conway and North Conway, this property offers a blend of rustic charm and modern convenience. The motel comprises 13 motel-style units and 7 individual cabins, along with a single-family caretaker's house. Built in 1955, the property features 7,162 square feet and 21 parking spaces. Amenities include on-site laundry facilities, high-speed internet access, and an inviting in-ground swimming pool. The property benefits from a strong rental income stream, with an average weekly rate of $360 per unit, and a current cap rate of 11.70%. Most major capital improvements have already been completed, making this a truly turnkey operation. The property is zoned RA and presents significant value-add potential for future owners. This is a rare chance to acquire a high-performing, income-generating asset in a desirable New Hampshire location. The asking price is $2,100,000.

    Property Features for 850 White Mountain Hwy

    General Information

    Property type
    Motels
    Square Feet
    7,162 SF
    Lot Size
    135,036 SF

    Building Details

    Year Built
    1955
    Buildings
    10
    Stories
    1
    Units
    19

    HighLights

    • $2,100,000 asking price for a 19‑unit motel with a 11.70% cap rate and 100% occupancy.
    • 7,162 square feet on a 3.1‑acre lot in Conway, NH, with 21 parking spaces.
    • Established motel operating since the 1950s, featuring 13 motel units and 7 cabins, plus a caretaker's house.
    • Amenities include on‑site laundry, high‑speed internet, and an in‑ground pool.
    • Turnkey investment opportunity with most major capital improvements completed, offering significant value‑add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Dental Office Nail Salon Gym & Fitness Storage Facility Bar & Pub Accounting Firm Wholesale Shop Car Rental Smoke and Vape Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.1127803
    Latitude
    44.0015497

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    FAQs

    What type of property is this?
    Motel - 19-Unit Motel, High Occupancy, Strong ROI
    Where is this motel located?
    The property is located at 850 White Mountain Hwy Conway, NH.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for a 19-unit motel with a 11.70% cap rate and 100% occupancy.; 7,162 square feet on a 3.1-acre lot in Conway, NH, with 21 parking spaces.; Established motel operating since the 1950s, featuring 13 motel units and 7 cabins, plus a caretaker's house.
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    Conway, NH 03860
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    850 White Mountain Hwy Conway, NH 03860
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