291 Endicott St N, Laconia, NH, 03246
Hospitality
for Sale
| Catylist Listing ID: |
30856652 |
| Property Subtypes: |
Bed & Breakfast, Hotel, Inn, Motel, Recreation Cabins, Resort, Ski & Sun, Vacation Rental(s), Other
|
| Number of Units: |
23 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3 Acres
|
| Sale Price: |
$5,750,000 |
| Unit Price: |
$250,000 Per Unit |
| Property Use Type: |
Business |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/25/2023 |
Overview / Comments
|
The Grand View Resort is an iconic Weirs Beach, Lakes Region landmark currently in operation and consistently at maximum occupancy. This immaculately maintained and recently renovated multi-unit compound is set back from the road on a sprawling three acres and is being sold as a turnkey investment opportunity. There are a total of 22 units, a mix of cottages, suites and motel rooms. The large owner's residence has a first floor bedroom suite, management office, living room with panoramic lake views and nine additional bedrooms for possible added rental income. The views of Lake Winnipesaukee are incredible! Watch the MS Mount Washington coming and going from your private deck; to the right you can see all the way to the broads and to the left all the way to Mount Chocorua. The 10-unit modern hotel has been completely renovated and feels more like new construction. The two one-bedroom end-unit suites have full kitchens and private decks that share the same spectacular lake views. The newly renovated cottages are full of character and charm with all the modern conveniences to keep your guests coming back year after year. The cottages are turn-key with stunning lake decor, full kitchens and updated bathrooms. Lounge at the heated saltwater swimming pool, enjoy the expansive patio and take in the spectacular lake and mountain views.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$14,817 (Annual) |
Additional Details
| Nearest MSA: |
Laconia |
| County: |
Belknap |
| Tax ID/APN: |
156-252-8 |
| Zoning: |
CR |
| Retail Clientele: |
Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
352 |
| Total Number of Buildings: |
23 |
| Property Condition: |
Excellent |
| Year Built: |
1850 |
| Roof Type: |
Gable |
| Water Recreation: |
Outdoor Pool |
| Heat Type: |
Electricity, Propane, Oil, Other |
| Heat Source: |
Other |
| Zoning Description: |
CR |
| Lot Frontage: |
352 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
194 |
7,161 |
17,911 |
| Median Age: |
43.18 |
48.18 |
47.99 |
| Households: |
100 |
2,979 |
7,786 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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