Franconia, NH Motel with Owners' Home

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30798300
Property Subtypes: Motel
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 6 Acres
Sale Price: $760,000
Unit Price: $63,333.33 Per Unit
Property Use Type: Business
Name of Establishment: The Gale River Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2022

Overview / Comments

The Gale River Motel is a twelve unit facility offering ten motel units and two cottages as well as a three bedroom owners' home. Features include an inground pool, indoor and outdoor hot tubs, playground and a rooftop solar array on the motel building. Nestled in the picturesque town of Franconia, NH, guest can easily enjoy restaurants, coffee shops, a popular brew pub close by and Cannon Mountain Ski Area and the White Mountain National Forest/Park within a 10 minute drive. Easy access to US Rte 93 allows visitors to enjoy all the areas four season activities within a short distance.

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 000005000005000000
Zoning: RESIDENTIAL B
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Main Street and US Route 93
Highway Access: The Gale River is within 5 minutes to US Route 93 and a short drive to NH's Route 302.
Airports: Manchester Airport is within 1.5 hours
Site Description: The property consists of 6 +/- acres with a portion located in the Town of Sugar Hill, NH. Guest amenities include a heated in ground pool, hot tub and playground. Winter guests can enjoy a cozy indoor hot tub after a fun day of skiing.
Nearby Attractions: Nearby attractions include Cannon Mountain Ski Area, White Mountain National Park, hiking, golf. Littleton, NH offers eclectic shops and restaurants and is and easy 15 minute drive.
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Construction/Siding: Wood Shingle
Water Recreation: Hot Tub
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Propane, Oil
Heat Source: Baseboard, Wall Units
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 4,079
Median Age: 49.51
Households: 1,870

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