May Kelly's Authentic Irish Bar & Restaurant - For Sale

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30815915
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,113 SF
Gross Land Area: 1.62 Acres
Sale Price: $1,750,000
Unit Price: $286.28 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 5,381 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/17/2024

Overview / Comments

A slice of Ireland in the heart of North Conway! May Kelly's Cottage is a truly authentic Irish Bar & Restaurant that has become one of the most acclaimed Irish Restaurants in the country. The owners, originally from Ireland, have taken great pride in providing authentic Irish Fare, and have earned a reputation for the finest food representative of the Irish Pub. Entering May Kelly's will take you back in time as you disccover the massive collection of antique treasures including signs from near and far, and photos and memorabilia that will have you feeling you are back in Ireland. This is a wonderful opportunity for new owners, with owners quarters, to build on the current strong business. A turn key operation, ready for you to hit the ground running. With several different rooms for private dining or small parties, the restaurant can be intimate or the midst of the crowd. An outdoor deck has wonderful mountain views, and overlooks the vegetable and herb gardens that provide some of the ingredients for the restaurant menu. Adjacent to the deck there is a separate covered area that provides privacy when needed. Besides the restaurant and Bar, an adjacent Barn (that for sure needs work) creates opportunity for whatever you wish. A large commercial kitchen built for good flow and very well equipped serves the establishment to perfection. Two lots at 3002 and 3016 White Mountain Hwy provides plenty of parking. And the Location just outside North Conway Village is awesome! Many of the antique items on display are owners personal property and are not included in the sale, but can be negotiable.
In May, the owners renovated the Chef's office, installed a new AC Unit for the bar area, installed a new floor in the Kitchen, and purchased new kitchen equipment to a tune of almost $50,000. Kitchen equipment and improvements costs to a tune of almost $65,000.
An existing long term employee familiar with all aspects of the operation, and with cash to bring to the table, is interested in partnering with a Buyer or Investor. They can provide management of the facility, that would be great for continuity for a partnership and support for new owners.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Carroll
Submarket/Township: Conway/North Conway
Submarket Type: Central Business District
Taxing Authority: Town of Conway
Tax ID/APN: 215-29 and 215-30
Zoning: HIGHWAY COMMERCIAL
Retail Clientele: Family, Business, Traveler, Tourist
Property Located Between: Just outside North Conway Village
Property Visibility: Excellent
Largest Nearby Street: Route 16 / 302
Feet of Frontage: 315
Highway Access: Route 302 and Route 16
Site Description: Two separate level lots with plenty of parking.
Area Description: North Conway Village is a year round busy hub in the White Mountains.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1926
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: The adjacent owned lot included in the sale provides for ample parking.
Heat Type: Propane
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Zoning Description: Highway Commercial allows for mixed use including commercial.
Lot Frontage: 315
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Access.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,664 4,551 8,774
Median Age: 42.72 45.42 46.4
Households: 783 2,154 4,027

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Coastal and Lakes & Mountains Realty
NECPE Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.