Turn Key Inn, Restaurant, and Wedding Facility For Sale

Hospitality for Sale
Catylist Listing ID: 30391931
Property Subtypes: Bed & Breakfast, Inn
Number of Units: 7 Units
Building Size (RSF): 5,954 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $925,000
Unit Price: $132,142.86 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

Exceedingly rare opportunity to own a turn key Inn, restaurant, and wedding facility. Quality of life, outdoor living, and close community are part of the appeal of this iconic country inn. The 1836 Inn was lovingly restored, maintained and updated to reflect the magical era of when it was built to accommodate the expectations of today's guests and diners. Upstairs are 5 bedrooms each with their own bath and large common area for guests to congregate. The award-winning restaurant operated seasonally along with wedding’s and functions. This property has the potential to exceed the steady seasonal sales by opening full time with new owner/investor. The chef can harvest food from the gardens and fruit trees surrounding the property. The Inn sits near Colby Sawyer College, Proctor Academy, New London Hospital, Lake Sunapee and Mount Sunapee. Additional room off the barn to host private parties up to 80ppl or open it for retail space.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,583 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 098-011-000
Zoning: ARR
Property Visibility: Excellent
Feet of Frontage: 362
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1836

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,020 3,981 7,336
Median Age: 21.91 34.99 43.2
Households: 557 1,395 2,871

Contact

Photograph of Listing Agent

Anthony W. Dolan

Keller Williams Lakes Meredith
NECPE Member
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