Lakeview Inn & Cottages

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30716300
Property Subtypes: Inn, Motel
Status: Pending/Contingent
Number of Units: 18 Units
Building Size (RSF): 7,206 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $699,000
Unit Price: $38,833.33 Per Unit
Property Use Type: Investment, Business
Building Name: Lakeview Inn and Cottages
Name of Establishment: Lakeview Inn and Cottages
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/30/2021

Overview / Comments

Back on the Market! Located in the heart of Weirs Beach in Laconia, New Hampshire the Lakeview Inn and Cottages lives up to its name with beautiful views of Lake Winnipesaukee. The Lakeview consists of the main house, which has four suites and 8 individual rooms, along with 6 stand-alone cottages. The current owners have successfully operated the Inn since 1994. They have had hundreds of repeat guests for a reason and that is because of the historic charm and location of this amazing property!

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,982 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: 145/217/46
Zoning: COMMERCIAL RESORT
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Laconia & Weirs Beach
Property Visibility: Excellent
Largest Nearby Street: US Route 3/Endicott Street
Feet of Frontage: 254
Highway Access: 1/4 mile from US Route 3/Endicott Street 15 miles from I-93 Exit 20
Airports: Manchester, Laconia
Site Description: Neighborhood corner lot with views and excellent exposure
Area Description: Weirs Beach is at the heart of year-round vacation activity. Walk to dining, shopping, Lake Winnipesaukee and many attractions.
Nearby Attractions: Gunstock Recreation Area, Weirs Beach, Bank of NH Concert Pavillion, Lake Winnipesaukee, Meredith Bay
Total Number of Buildings: 8
Number of Stories: 3
Property Condition: Good
Year Built: 1869
Roof Type: Gable
Construction/Siding: Wood Frame
Water Recreation: Outdoor Pool, Cabanas
Exterior Description: Clapboard siding, large screen porch
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Paved parking lot on the premises
Heat Type: Electricity
Heat Source: Other
Internet Access: Cable
Interior Description: Nicely decorated rooms, suites and cottages.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 194 7,161 16,946
Median Age: 43.18 48.18 47.9
Households: 100 2,979 7,382

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