150 Lafayette Rd Rye, NH 03870

Property Details for 150 Lafayette Rd

Year built

1800

Construction

FRAME

Lot size

3.00 lot acres

Property size

28,425 SF

Zone code

COM

Property type

Motels

APN

RYEE M:010 B:014

APU

RYEEM010B014

Description

This exceptional investment opportunity presents a unique mixed-use property in Rye, New Hampshire. The property, known as Rye Place, encompasses a charming 27-key boutique hotel and a 16-unit retail/office mall, all situated on a sizable 4.08-acre lot. Built circa 1790, the 52,507-square-foot property has undergone over $2,000,000 in recent capital improvements, resulting in a beautifully renovated hotel and retail space. The hotel, Inn at Rye Place, currently operates seasonally (May 1st - October 30th), but possesses a permit for year-round operation, presenting significant revenue growth potential. The retail/office mall is anchored by a newly opened restaurant, and tenant leases and financial information are available upon request following the execution of a Non-Disclosure Agreement. The property boasts 104 parking spaces and excellent visibility and access from both north and south. Offered at $5,495,000, this investment opportunity projects a strong 10.5% cap rate, suggesting substantial income generation potential. Its convenient location offers easy access to downtown Portsmouth, NH, Boston, MA, and Portland, ME. This is a rare chance to acquire a historically significant, high-performing mixed-use property with considerable upside.

Location Insight

City

Rye

County

Rockingham

State

New Hampshire

Longitude

-70.8047

Latitude

43.0096

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments