Motel, 8 Cottages, and 3 Bedroom Home

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30606305
Property Subtypes: Motel, Recreation Cabins
Status: Pending/Contingent
Number of Units: 17 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 4.50 Acres
Sale Price: $675,000
Unit Price: $39,705.88 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Name of Establishment: Gilcrest Cottages and Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2020

Overview / Comments

What an opportunity to LIVE where you VACATION! This immaculately cared for TURN-KEY family-run business and 3 bedroom home is ready for its new owners. The property, buildings and fully operating business have undergone some MAJOR improvements over the last 3+ years making this an incredible lodging destination for its guests year after year. This 4.5 acre property includes a detached 3 bedroom home, an oversized HEATED garage, a 1 bedroom accessory apartment, 8 motel rooms, 8 adorable cottages and a housekeeper's laundry and storage room. All this nestled in the White Mountains along the majestic Pemigewasset River! You and your guests will enjoy year round activities both off and on the property such as kayaking or tubing the river, relaxing by the beautiful inground swimming pool, letting the children enjoy the playground on-site, or hiking from right across the street into the White Mountain National Forest. Winter sport enthusiasts visit for the snowmobile trails and can ride directly from the property, or can take a short drive to local ski mountains. Call to book your private showing and begin living this dream!

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 000015000003000001
Retail Clientele: Family, Tourist, Recreation
Property Located Between: Route I93 and US Route 3
Property Visibility: Excellent
Highway Access: Exit 29 from Interstate 93, 1/8 mile from property.
Site Description: Landscaped, river front, access to snowmobile and hiking trails in the White Mountain National Forest
Area Description: Tourism, Nature, Retail, Restaurants, Mountains
Nearby Attractions: Ski Mountains, National Parks
Total Number of Buildings: 11
Property Condition: Good
Year Built: 1938
Construction/Siding: Wood Siding
Water Recreation: Outdoor Pool, Other
Exterior Description: Beautifully maintained landscaping, inground pool, mountain and river views of the Pemigewasset
Parking Type: Surface
Parking Description: Plenty of paved parking for lodging guests
Heat Type: Propane, Oil
Heat Source: Baseboard, Wall Units
Air Conditioning: Other
Internet Access: Cable
Interior Description: Stone fireplaces, furnished cottages and motel rooms
Zoning Description: Commercial
In Flood Plain?: Yes
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,170 3,333
Median Age: 44.69 43.92
Households: 496 1,407


Photograph of Listing Agent

Lynne Bartlett Merrill

The Merrill Bartlett Group NECPE Member
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