Catylist ID:
#30786205
| 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: | $3,999,500 |
| Unit Price: | $111,097.22 Per Unit |
| Property Use Type: | Business |
| Name of Establishment: | Tall Timber Lodge |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/25/2024 |
Overview / Comments
|
Tall Timber Lodge, located on Back Lake in Pittsburg, NH is a four-season sporting camp resort offering vacation cabin and room rentals since 1946. The property and business were acquired by the Caron family in 1982. Since then, the family has improved existing structures and has acquired many new rental units over the last 40 years. The Rainbow Grille, the on-site restaurant was opened in 1998 and offers exceptional dining in a relaxed atmosphere. The resort also offers licensed professional guides for fly fishing and bird hunting enthusiasts; fly fishing schools; fishing boat rentals; and snowmobile rentals. The property itself, located on 10 acres directly on Back Lake, includes the main lodge which consists of a registration desk, lobby, deck, gift shop, laundry room, housekeeping facilities, and the Rainbow Grille. There are two rental apartments and eight private rooms located in the lodge, four with private baths ensuite and four with a shared bath. The resort also features fifteen stand-alone onsite cabins and two apartments on the lower level of the lodge building. All of the cabins and apartments are winterized and available for year-round rental. Tall Timber Lodge’s vacation rental component includes rental contracts with private owners of 11 off-site properties, from rustic cabins to luxurious homes. Further details regarding this rare opportunity will be provided to qualified buyers upon signing a confidentiality agreement. https://youtu.be/W0vfL92bTi8 |
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $27,670 (Annual) |
| Gross Operating Income | $2,866,711 (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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