Tall Timber Lodge in Pittsburg, NH

Hospitality for Sale
Catylist Listing ID: 30786205
Property Subtypes: Inn, Recreation Cabins, Resort, Vacation Rental(s)
Number of Units: 36 Units
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $4,500,000
Unit Price: $125,000 Per Unit
Property Use Type: Business
Name of Establishment: Tall Timber Lodge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2022

Overview / Comments

Tall Timber Lodge, located on Back Lake in Pittsburg, NH is a four-season sporting camp resort offering vacation cabin and room rentals since 1946. The property and business were acquired by the Caron family in 1982. Since then, the family has improved existing structures and has acquired many new rental units over the last 40 years. The Rainbow Grille, the on-site restaurant was opened in 1998 and offers exceptional dining in a relaxed atmosphere. The resort also offers licensed professional guides for fly fishing and bird hunting enthusiasts; fly fishing schools; fishing boat rentals; and snowmobile rentals.
The property itself, located on 10 acres directly on Back Lake, includes
the main lodge which consists of a registration desk, lobby, deck, gift shop, laundry room, housekeeping facilities, and the Rainbow Grille. There are two rental apartments and eight private rooms located in the lodge, four with private baths ensuite and four with a shared bath.
The resort also features fifteen stand-alone onsite cabins and two apartments on the lower level of the lodge building. All of the cabins and apartments are winterized and available for year-round rental.
Tall Timber Lodge’s vacation rental component includes rental contracts with private owners of 11 off-site properties, from rustic cabins to luxurious homes.
Further details regarding this rare opportunity will be provided to qualified buyers upon signing a confidentiality agreement.
https://youtu.be/W0vfL92bTi8

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $27,670 (Annual)
Gross Operating Income $2,959,990 (Annual)

Additional Details

Nearest MSA: Berlin
County: Coos
Tax ID/APN: 000U1000003900000N
Zoning: GENERAL TOWNWIDE
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Route 3
Feet of Frontage: 1,300
Site Description: The property itself, located on 10 acres directly on Back Lake, includes the main lodge which consists of a registration desk, lobby, deck, gift shop, laundry room, housekeeping facilities, and the Rainbow Grille. There are two rental apartments and eight private rooms located in the lodge, four with private baths ensuite and four with a shared bath. The resort also features fifteen stand-alone onsite cabins and two apartments on the lower level of the lodge building. All of the cabins and apartments are winterized and available for year-round rental.
Area Description: Tall Timber Lodge in Coos County, in the Connecticut Lakes, Indian Stream, Connecticut River, and northern White Mountains region of New Hampshire…the northernmost town in the state. This area is home to four-season recreational opportunities for people of all ages. Directly off the main travel artery into the region, Route 3, and on the shores of beautiful Back Lake, this popular landmark resort is convenient to its loyal customer base of locals and visitors alike. Ample on-site parking for cars, trucks, snowmobiles, and ATV’s is readily available.
Total Number of Buildings: 16
Number of Stories: 2
Property Condition: Good
Year Built: 1946
Year Renovated: 1998
Roof Type: Arched
Construction/Siding: Other
Water Recreation: Other
Exterior Description: Rustic lodge style including wood frame and log construction located directly on Back Lake.
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Ample on property parking available.
Sprinklers: None
Heat Type: Propane
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Rustic four season sporting resort atmosphere with pine .
Lot Frontage: 1300 feet
Water Service: Well
Sewer Type: Septic
Land Ownership: Owned.

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