Save
Ask
Tour
Hide
Share
$6,400,000
4 Days Online

150 Lafayette Road
Rye, NH 03870

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
52,507
SqFt
$122
/SqFt
1790
Built
County:
NH-Rockingham
Listing courtesy of Tony Jalbert of Tate & Foss Sotheby's International Rlty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

150 Lafayette Road150 Lafayette Road150 Lafayette Road150 Lafayette Road
Save
Ask
Tour
Hide
Share

Tate and Foss Sothebys International Realty is pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire Rye Place (Property), located at 150 Lafayette Road, Rye, New Hampshire, delivered fee simple and unencumbered by any brand affiliation. The subject property is a mixed use 27 key, two story boutique hotel with a 2-bedroom caretakers quarters and a two-story,16 unit retail/office mall, anchored by a newly opened restaurant.The Property, built in 1790, sits on a 4.08-acre parcel with 52,507 square feet under roof and 104 parking places with excellent visibility and access coming from the north or south. Current ownership committed over $2,000,000 in capital improvements, completing a major renovation to the hotel and mall as part of a property improvement plan. Inn at Rye Place is operated seasonally from May 1 through November 30. Permit in place to operate on a year round basis. The investment opportunity is being offered with pricing guidance at $6,400,000, which translates into a robust cap rate of 8.6% indicating an excellent potential for income generation. Tenant leases and financial information for existing retail spaces and hotel will be provided upon execution of a Non-disclosure Agreement. Rye Place is conveniently located to downtown Portsmouth NH, Boston, MA and Portland ME.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$6,400,000
Days Online 
4 Days
Bedrooms 
N/A
Inside Area (SqFt) 
52,507 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.08 Acres
Year Built 
1790
MLS® Number 
5010796
Status 
Active
Property Tax 
$15,778.86
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing first seen online
2 months agoListing updated with changes from the MLS®
General Features
Acres 
4.08
Security 
Security SystemSmoke Detector(s)
Sewer 
Septic Tank
SqFt Total 
52507
Water Source 
Public
Zoning 
COM
Interior Features
Basement 
Partially FinishedConcreteFinished
Cooling 
Central Air
Heating 
ElectricForced AirHeat PumpZoned
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Wood Siding
Lot Features 
Corner LotSloped
Roof 
Shingle
Listing courtesy of Tony Jalbert of Tate & Foss Sotheby's International Rlty



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 02:30 AM UTC

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share