Lakefront Motel and Cottages For Sale

Hospitality for Sale
Catylist Listing ID: 30623122
Property Subtypes: Chalet, Extended Stay, Inn, Motel, Recreation Cabins, Resort, Ski & Sun, Vacation Rental(s)
Number of Units: 14 Units
Building Size (RSF): 4,998 SF
Gross Building Area: See Agent
Gross Land Area: 0.62 Acres
Sale Price: $1,718,430
Unit Price: $122,745 Per Unit
Property Use Type: Investment, Business
Building Name: Lazy E Motor Inn
Name of Establishment: Lazy-E Motor Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

The Lazy E motor Inn offers the opportunity for an owner user to adopt the Lake side lifestyle.
A beautiful 3 bedroom chalet style owners quarters leaves you with magnificent views and is also easily utilized as a large family get a way vacation spot. Also offering Three year round suites, Six year round motel suites, Four seasonal 1 bedroom cottages, and one year round 2 bedroom waterfront cottage.

The location is priceless, with 150 feet of frontage directly on Paugus Bay with docks at the ready!
The Lazy E has been run for many years catering to regular visitors, who have enjoyed and cherished their stay at the Lakes. The Lakes region is a wonderful area with many lakes including Winnipesaukee, the largest in the Lakes Region of New Hampshire.

This is also a wonderful opportunity for investment, as a development project, or a private family compound.
Zoning allows for a very diverse possibility of uses.

The location speaks for itself, bring your ideas for making your dream happen!

Additional Details

Nearest MSA: Laconia
County: Belknap
Taxing Authority: Town of Laconia
Tax ID/APN: 199-248-6
Zoning: COMMERCIAL RESORT DISTRICT
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Weirs Blvd
Feet of Frontage: 150
Highway Access: Directly on Weirs Blvd
Site Description: Lakefront
Area Description: The Lakes Region of New Hampshire is located in the east-central part of the state, south of the White Mountains Region and extending to the Maine border. It is named for the numerous lakes in the region, the largest of which are Lake Winnipesaukee, Winnisquam Lake, Squam Lake, and Newfound Lake.
Total Number of Buildings: 7
Number of Stories: 2
Property Condition: Good
Year Built: 1947
Roof Type: Gable
Construction/Siding: Wood Frame
Average Occupancy Rate: 100
Water Recreation: Other
Exterior Description: Excellent location directly on Paugus Bay with approx 50 feet of lake frontage.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Paved and lined parking lot on property at Weirs Blvd
Heat Type: Propane
Air Conditioning: Other
Lot Frontage: 50
Lot Depth: 212
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 890 9,614 23,435
Median Age: 49.12 47.32 45.93
Households: 418 4,117 10,047
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