850 White Mountain Hwy Conway, NH 03860
- Hospitality properties
- 7,162 SF
- 3.10 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 850 White Mountain Hwy
- Year built
- 1955
- Lot size
- 3.10 lot acres
- Property size
- 7,162 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Carroll
- State
- New Hampshire
- Longitude
- -71.1128
- Latitude
- 44.0015
