Hotel Property with Guest
For Sale
$3,495,000
9 Main Street, Lyme, NH 03768
The property combines lodging, restaurant, and event uses across a main building and separate guest house.
Property Size20,278 SF
Price / SF$172.35
Days on Market294
Property Features for 9 Main Street
General Information
Standard status
Active
Size
20,278 SF
Property subtype
Commercial
Zoning
LCD
Taxes and HOA fees
Annual Taxes
$48,400
Amenities
Yes
High Speed Intrnt at Site,Fiber Optic Internet
Walk-up
Concrete Floor,Partial,Slab,Interior Stairs,Storage Space,Unfinished
21
Concrete,Other,Stone
Abuts Conservation,In Town,Near Paths,Near Shopping,Near Skiing,Near Snowmobile Trails,City Lot,Country Setting,Landscaped,Level,Major Road Frontage,Neighbor Business,Other,View,Walking Trails,Near H
Drilled Well
5.4
Off Street,Other,Parking Spaces 21+,Unpaved
Additional Outbuildings,Furniture Included,Inventory Included,Living Space Available,Phone System,Public Restrooms,Security System,Showers,Smoke/Heat Detectors,In-Unit Bathroom
235224
175
Building Details
Year Built
1780
Listing Agency:
Snyder Donegan Real Estate Group
Listed By:
Zoe Hathorn Washburn
(603) 727-8099
Source:
Lesliedrownrealestate
Added: Jan 13
Changed: Oct 31
Last Checked: Oct 31 at 2:17AM
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 Snyder Donegan Real Estate Group
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Investment Insights
Based on property information with market context.
This 20,278-square-foot hotel property occupies 5.4 acres and includes a main building and a separate guest house. The site has supported inn, restaurant, and event operations for decades; most furnishings and equipment in the main building are included in the commercial sale. Zoning is LCD, and the property information notes that 2026 zoning changes allow increased housing units per building.
The main structure faces the town common and encloses a lawn, while the guest house sits near a private pond and conservation area. The property is in Lyme, about a 15-minute drive from Hanover and Dartmouth College. Other site features include a drilled well, fiber-optic internet, and off-street parking.
The main structure faces the town common and encloses a lawn, while the guest house sits near a private pond and conservation area. The property is in Lyme, about a 15-minute drive from Hanover and Dartmouth College. Other site features include a drilled well, fiber-optic internet, and off-street parking.
Key Highlights
- 20,278‑square‑foot property on 5.4 acres
- Main building and separate guest house
- Inn, restaurant, and event operations have been based at the property for decades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,880
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,057,600
$6.1M
Cap Rate 7%
$4,326,857
$4.3M
Cap Rate 9%
$3,365,333
$3.4M
Market Conditions
NOI Build-Up for 20,278 SF
Gross rent
$438.0K $21.60/SF
− Vacancy
−$34.2K −$1.68/SF
EGI
$403.8K $19.92/SF
− OpEx
−$101.0K −$4.98/SF
NOI
$302.9K $14.94/SF
Area
Grafton County, NH
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,057,600
Cap Rate 7%
$4,326,857
Cap Rate 9%
$3,365,333
Alternative Uses
Best Use
Specialty Retail
$4.33M
$3.79M – $5.05M
NOI $302,880 @ 7.0% cap · market cap 8.67%
Second Best
Hotel Hospitality
$2.62M
$2.29M – $3.05M
NOI $183,086 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,239 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Business Placement
Demographics for 03768, NH
1,736
Population
793
Households
2.2
Avg Household Size
48
Median Age
68%
College-Educated
98%
High-School Grad
53.8 sq mi
ZIP Area
32
Density / Sq Mi
$141,719
Median Household Income
$61,250
Median Earnings
$1,310
Median Rent
$651,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Hotel - The property combines lodging, restaurant, and event uses across a main building and separate guest house.
Where is this hotel located?
The property is located at 9 Main Street Lyme, NH.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 20,278‑square‑foot property on 5.4 acres; Main building and separate guest house; Inn, restaurant, and event operations have been based at the property for decades
