Inn 32 - Remarkable Hospitality Gem in North Woodstock

Hospitality for Sale
Catylist Listing ID: 30868555
Property Subtypes: Motel, Resort, Vacation Rental(s), Other
Number of Units: 18 Units
Building Size (RSF): 9,801 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1,595,000
Unit Price: $88,611.11 Per Unit
Property Use Type: Investment
Name of Establishment: Inn 32
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2024

Overview / Comments

Downtown Realty is pleased to present this unique 19-door, multi-unit
hospitality property located in the heart of New Hampshire’s White Mountains.
Inn 32, a longtime staple in the North Woodstock community, is truly a beacon
of warmth and welcome for its guests. This remarkable property, located at
180 Main Street, is comprised of 16 motel rooms and 2 apartments, has been
carefully designed with guests’s comfort and satisfaction in mind. Serving as a
tranquil retreat from the bustling world, the property extends across two
buildings and a pavilion overlooking the large in-ground pool, offering guests
a private paradise to unwind and rejuvenate. Situated between Main Street
and the Pemigewasset River, this property’s location is second to none. Less
than 3/4 mile from Exit 32 off I-93, it’s a quick drive to Loon Mountain, Alpine
Adventures, Clark’s Trading Post, Whale’s Tales, Ice Castles, and world
renowned hiking trails. Inn 32 offers something special for all.

Meticulously maintained by on-site owners, the property has been significantly
improved over the last few years including newly installed metal roofs,
windows, heating systems, vinyl siding, paved parking, pool liner, and pool
filtration system. Despite the extensive renovations, there is still tremendous
upside to be had with this property. By monetizing the studio apartment
currently being used for seasonal staff, the four bedroom apartment that is
owner-occupied, staffing and selling product out of the office, in addition to
maximizing occupancy, there is plenty of value to add. For those dreaming of a
life balanced between running a bustling hospitality property and enjoying
personal sanctuary, the owner’s quarters presents an irresistible opportunity.
Completely renovated from studs with high end finishes and appliances, it is
truly a personal haven.

The property’s charm is further enhanced by its history. Formerly the Pilgrim
Inn, the property has been rumored to have been a part of the Underground
Railroad with a tunnel connecting into the basement. It’s been said that if the
candle was lit, it was safe to enter.

Whether you’re just looking for a unique property to add to your portfolio or to
hands-on manage by immersing yourself into the world of hospitality, this is
the investment for you.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $9,162 (Annual)

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 106-051-000-000-00000
Zoning: NONE
Nearby Attractions: Woodstock Inn & Brewery - 0.1 Miles Ice Castles - 1 Mile Clark’s Trading Post - 1 Mile Alpine Adventures - 1.2 Miles Whales Tales - 2.7 Miles The Flume Gorge - 4.4 Miles Lost River Gorge & Boulder Caves - 5.9 Miles Mount Liberty - 6.1 Miles Mount Moosilaukee - 6.4 Miles Plymouth State University
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1960
Construction/Siding: Vinyl Siding
Water Recreation: Outdoor Pool
Parking Type: Surface
Heat Type: Electricity, Propane, Oil
Heat Source: Baseboard, Other
Air Conditioning: Other
Zoning Description: None
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 655 1,432 1,432
Median Age: 47.03 45.58 45.58
Households: 339 683 683

Contact

Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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