Landmark Historic Inn for Sale

Hospitality for Sale
Catylist Listing ID: 30765968
Property Subtypes: Bed & Breakfast, Hotel, Inn, Motel, Ski & Sun, Vacation Rental(s)
Number of Units: 6 Units
Building Size (RSF): 6,094 SF
Gross Building Area: See Agent
Gross Land Area: 4.80 Acres
Sale Price: $675,000
Unit Price: $112,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Wakefield Inn & Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2021

Overview / Comments

This quintessential New Hampshire Lakes Region Inn, centerpiece of the historic village of Wakefield Corner, is now available for sale. The Inn was originally built in 1804 for Seaman William Frost who wanted to own the largest, tallest (3 stories) and grandest home in Wakefield Corner.
In 1890 the home was converted to an inn, its location at Wakefield Corner was considered the center of town because of it being a stop for 6 stagecoach lines, and in 1895 the railroad began providing transportation for the Inn's guests from Wakefield's 5 train stations.
The five-bedroom Inn has been beautifully restored and upgraded by current owners over the last seven years. The Inn and restaurant are open year-round, with area attractions for all seasons, the inn has been a haven for travelers to New Hampshire’s active Lakes Region. Guests (and owner!) can enjoy exploring the beautiful New Hampshire White Mountains, Lakes Region, Seacoast of New Hampshire and the seacoast of Maine - all of which is less than an hour away.
The Inn has many unique features, the most spectacular of which is the “flying” spiral staircase which gracefully spirals up to the third floor with no center pole support. On the first floor there is a 3-sided fireplace that includes a beehive oven. The Inn also has a wraparound front porch, which is a favorite place to sit and relax in the cool, crisp mountain air.
Current owners use the entire three-bedroom, third floor, and a first floor sitting room of the Inn for their personal quarters.

Additional Details

Nearest MSA: Laconia
County: Carroll
Submarket/Township: Lakes Region
Submarket Type: Historic District
Tax ID/APN: 149 003
Zoning: R1 OT RESIDENTIAL
Retail Clientele: Family, Traveler, Tourist, Convention
Property Visibility: Excellent
Largest Nearby Street: Rt 153
Number of Stories: 3
Property Condition: Excellent
Year Built: 1804
Roof Type: Gable
Construction/Siding: Wood Siding
Total Parking Spaces: 18
Parking Type: Surface
Sprinklers: None
Zoning Description: Residential

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,515 6,898
Median Age: 47.09 46.58
Households: 1,478 2,873

Contact

Photograph of Listing Agent

Bob James

Keller Williams Gateway Realty - KW Commercial
NECPE Member
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