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.


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

View FullscreenMap

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


Photograph of Listing Agent

Shannon Casey

Keller Williams Coastal and Lakes & Mountains Realty
NECPE Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.