The Hitching Post
Hospitality
for Sale
| Catylist Listing ID: |
30866689 |
| Property Subtypes: |
Hostel, Inn, Motel, Resort, Vacation Rental(s), Other
|
| Number of Units: |
20 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,100,000 |
| Unit Price: |
$105,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/22/2024 |
Overview / Comments
|
Nestled between Conway and North Conway, the Hitching Post Inn & Cottages has been providing lodging since the 1950's. With 13 motel-style units,7 individual cabins and a single family caretaker's house that sits on 3.1 acres perched above the Saco River. The Hitching Post is currently being operated as an extendedstay motel. Guests enjoy amenities such as on-site laundry, high speed internet, in-ground swimming pool and more. Investors will appreciate the impressive rent roll withadditional value-add opportunities for the new owners. The current owners have addressed most of the major capital improvements as well as updating a lot of the units.New owners will enjoy collecting weekly rent with potential to add more cabins for even more revenue. Do not miss the opportunity to add this cash flowing gem to yourportfolio.
|
Additional Details
| Nearest MSA: |
Laconia |
| County: |
Carroll |
| Tax ID/APN: |
251-142 |
| Zoning: |
RA |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,933 |
4,366 |
9,050 |
| Median Age: |
46.31 |
45.48 |
44.22 |
| Households: |
864 |
1,990 |
4,029 |
|
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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.
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