Sun Valley Cottages Resort - FOR SALE

Hospitality for Sale
Catylist Listing ID: 30722228
Property Subtypes: Chalet, Extended Stay, Motel, Recreation Cabins, Resort, Ski & Sun, Vacation Rental(s)
Number of Units: 16 Units
Building Size (RSF): 7,272 SF
Gross Building Area: See Agent
Gross Land Area: 2.80 Acres
Sale Price: $1,750,000
Unit Price: $109,375 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Sun Valley Cottages
Name of Establishment: Sun Valley Cottages
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2022

Overview / Comments

Own one of the longest-tenured year-round hospitality businesses in NH! With (81) years of continuous operation; (29) under current ownership, Sun Valley Cottages offers (15) individually appointed and well-maintained vacation cottages, most with wood-burning fireplaces; an in-ground pool, jacuzzi and hot tub. Onsite owner's residence consists of single-level living with 3 bedrooms, large living room, 1 bathroom and main office. Ideally located in the heart of NH's Lakes Region, this property affords guests the ability to enjoy all that NH has to offer! Central to all major tourist attractions (Gunstock, Weirs Beach, Bank of NH Pavilion, White Mountains). A strong referral and repeat-centered business, as well as expansion potential, provides the platform to realize your own vision!

Located at the Lighted intersection of Route 3 (Daniel Webster Hwy) and Roller Coaster Rd / Watson Rd this is on a major route and easy access for Meredith, Laconia, and all nearby attractions.
Commercial Resort zoning provides for a large range of commercial and mixed use possibilities, and with the major road frontage, there are many uses and possibilities for this property to expand upon.
428 Feet of Frontage on Route 3, and 217 feet of frontage on Roller Coaster Road.

Additional Details

Nearest MSA: Laconia
County: Belknap
Taxing Authority: City of Laconia
Tax ID/APN: 126-252-1
Zoning: CR - COMMERCIAL RESORT
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Located Between: Daniel Webster Hwy and Roller Coaster Rd / Watson Rd
Property Visibility: Excellent
Largest Nearby Street: Route 3 - Daniel Webster Hwy
Feet of Frontage: 428
Highway Access: Route 3
Total Number of Buildings: 16
Number of Stories: 1
Property Condition: Excellent
Year Built: 1940
Roof Type: Hip
Construction/Siding: Brick, Concrete, Wood Frame
Water Recreation: Outdoor Pool, Hot Tub
Parking Type: Surface
Parking Description: Level, some paved and some gravel
Laundry: Laundromat Nearby
Heat Type: Oil, Other
Heat Source: Baseboard
Air Conditioning: Window Unit
Zoning Description: Commercial Resort allows for many varied Commercial and Residential uses.
Lot Frontage: 428
Lot Depth: 217
Water Service: Well
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 194 5,601 17,903
Median Age: 43.18 50.2 47.99
Households: 100 2,481 7,735

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Commercial
NECPE Member
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