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Property profile

291 N Endicott St Laconia, NH 03246

Investment properties
Property ID
US58-0143116
View Sample
2,616 SF 3 ac lot Built 1972
Individually Owned 7-yr Hold

Property summary

AI-generated overview

This exceptional turnkey resort property, nestled in the heart of New Hampshire's Lakes Region, offers breathtaking panoramic views of Lake Winnipesaukee and the surrounding mountains. The 3-acre property boasts 10 meticulously maintained cottages and 12 motel units, all recently renovated or replaced, ensuring a consistently high standard of accommodation. The resort is a proven success, enjoying repeat clientele from Memorial Day to Columbus Day, demonstrating strong seasonal revenue potential. Beyond the guest accommodations, the property includes comfortable owner's quarters and separate quarters for hired help, streamlining operations. Guests and owners alike can enjoy the expansive grounds, featuring an oversized granite pool, multiple fire pit areas perfect for evening gatherings, and a wraparound porch ideal for relaxing and taking in the stunning scenery. The resort's prime location offers easy access to a variety of attractions, including Gunstock Ski Resort, the Bank of New Hampshire Meadowbrook Concert Pavilion, Weirs Beach, shopping malls, and numerous restaurants. This is a rare opportunity to acquire a well-established, high-performing resort with significant growth potential in a highly desirable tourist destination. The property's traditional, historic charm combined with modern amenities creates a truly unique and appealing offering. The current owners have established a legacy of providing exceptional hospitality, setting a high standard for future operators. This is more than just a business

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1972
Construction FRAME
Total area 2,616 SF
Lot 3 ac (130,680 SF)
Zoning code CR
APN LACO M:144 B:252 L:4
UPID US58-0143116

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2018
6 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A
2016
$1.2M
2006
Price N/A
2004
$565,000

Zoning & alternative use

CR · Laconia, NH
Zoning description

Commercial Resort (CR) District. The Commercial Resort District is primarily intended to set aside areas where establishments catering to the dining, lodging and recreational needs of tourists or seasonal residents may b…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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