Catylist ID:
#30868555
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: | $1,600,000 |
| Unit Price: | $88,888.89 Per Unit |
| Property Use Type: | Investment |
| Name of Establishment: | Inn 32 |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/29/2024 |
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 |
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 |
| © Copyright 2024 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. |
