741 & 747 Ocean Boulevard Rye, NH 03870
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
This 1950s 4-season motor inn underwent a complete, historically sensitive renovation in 2021. Completely modernized for today's traveler while reintroducing the on-trend, retro-themed decor, this unique property is poised for continued growth. Offering 12 studio and 1-bedroom units over two structures, these apartment-style rooms provide the flexibility for longer stays as each has its own full kitchen and bathroom. Current ownership operates as a limited service apart-hotel model with year over year growth since opening in 2021. Approvals are in place add a 1000 sq ft, 2-bedroom apartment above the retail/office space. Ability to add a 15th bedroom on property is viable. The oversized, heated pool with spacious deck and bold views to the Isles of Shoals is an ideal for setting for small events. The large, flat yard can accommodate tents, a perfect setting for popular micro-weddings of 30 or less guests. The poolside cabana with bathroom has been designed to accommodate a commercial caterer’s kitchen/bar for event purposes. The property also includes a petite retail/office space that houses the popular boutique: The Swim Shop. Continue to operate this seasonal retail component or lease for additional income. Set across Ocean Boulevard from the ocean and a short walk to Odiorne State Park. The property could be ideal for the resident owner operator with the addition of the 2-bedroom apartment or as part of a portfolio model. Or re-imagine this rare 1.52 ac. ocean view parcel.
| a week ago | Price changed to $5,995,000 | |
| 2 months ago | Listing first seen online | |
| 2 months ago | Listing updated with changes from the MLS® |
Copyright 2024, PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Last Updated: 2024-10-08 12:30 AM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.