166 Prospect Hill Rd Walpole, NH 03608
- Commercial real estate
- 8.83 lot acres
Current Use by Public Records
- Hooper Golf Course / Golf Course
- Watkins Inn & Tavern / Restaurant / Inn
- Club House / Club
Property Details for 166 Prospect Hill Rd
- Lot size
- 8.83 lot acres
- Zone code
- RUR R
- Property type
- Commercial real estate
- APN
- WLPO M:00008 L:000061 S:000001
- APU
- WLPOM00008L000061S000001
Description
Nestled on 8.83 acres of beautiful land adjacent to the award-winning Hooper Golf Course in Walpole, New Hampshire, sits the Watkins Inn and Tavern. This historic property presents a unique opportunity to own a thriving turn-key business. The recently revitalized tavern boasts a sophisticated atmosphere, complete with a brand-new furnace and a state-of-the-art refrigerated room featuring a stylish tap system. The Inn/B&B offers meticulously updated guest rooms, each with its own private bathroom, seamlessly blending modern comfort with historical charm. Social rooms retain their period details, enhanced by a bar overlooking the golf course and stunning Vermont sunsets. Three dining rooms, plus an expansive three-season screened-in porch, provide ample space for weddings, functions, and large gatherings. Extensive parking is available, with room for additional outdoor event tents. The property also includes an inviting one-bedroom rental unit, ideal for supplemental income or on-site management, adding to the five bedrooms and seven bathrooms already present in the main building. A pro shop and barn are included, operating under a long-term lease with the Hooper Golf Course. This exceptional offering encompasses a total of 4,955 square feet and presents a compelling blend of business opportunity, historical significance, and significant income potential. The property's size and amenities make it an ideal location for a variety of events and functions. The potential for expansion on the expansive lot is also a significant advantage.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $375,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $470,000
- Mixed-Use
- $400,000
- Hospitality
- $415,000
- Educational
- $470,000
- Residential Income
- $475,000
- Energy
- $390,000
- Income-Based Land
- $480,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Walpole
- County
- Cheshire
- State
- New Hampshire
- Longitude
- -72.3959
- Latitude
- 43.038
- CBSA code
- 28300
- CBSA name
- KEENE, NH MICROPOLITAN STATISTICAL AREA