Rye NH Commercial for Sale
$5,900,000
150 Lafayette Road Rye, NH 03870
- Type:
- Other
- Sq.Ft.:
- 52,507
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4.08 Acres
- Year built:
- 1790
- Baths:
- MLS#:
- 5010796
- Subdivision:
- Rye Place
ADDITIONAL INFORMATION
Tate and Foss Sothebys International Realty is pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire Rye Place (Property), located at 150 Lafayette Road, Rye, New Hampshire, delivered fee simple and unencumbered by any brand affiliation. The subject property is a mixed use 27 key, two story boutique hotel with a 2-bedroom caretakers quarters and a two-story,16 unit retail/office mall, anchored by a newly opened restaurant.The Property, built in 1790, sits on a 4.08-acre parcel with 52,507 square feet under roof and 104 parking places with excellent visibility and access coming from the north or south. Current ownership committed over $2,000,000 in capital improvements, completing a major renovation to the hotel and mall as part of a property improvement plan. Inn at Rye Place is operated seasonally from May 1 through November 30. Permit in place to operate on a year round basis. The investment opportunity is being offered with pricing guidance at $6,400,000, which translates into a robust cap rate of 8.6% indicating an excellent potential for income generation. Tenant leases and financial information for existing retail spaces and hotel will be provided upon execution of a Non-disclosure Agreement. Rye Place is conveniently located to downtown Portsmouth NH, Boston, MA and Portland ME.
ADDITIONAL INFORMATION
Here's your chance to build 1 or 2 new condos just steps from the beach! Welcome to 2203 Ocean Blvd Units A and B in beautiful Rye, NH. This unique opportunity features two commercially zoned units currently operating as a yoga studio, now available for sale. Located in a prime area, these units will be fully approved for demolition and new construction of two residential condos/townhouses (or combine to build 1 larger condo with a 3 car garage under), providing a seamless pathway for your development plans. Whether you envision creating year-round residential condos, establishing a commercial beachside business, or exploring rental opportunities, these units offer endless possibilities. A hop, skip and a jump from both Cable Beach and Jenness Beach with a public pathway for beach access directly across the street from 2203 Ocean Blvd. Seize this rare chance to shape the future of 2203 Ocean Blvd. and make your vision a reality. Don't forget to check out the video in the link and documents section for floor plans and conceptuals.
- Type:
- Other
- Sq.Ft.:
- 61,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 23.9 Acres
- Year built:
- 2001
- Baths:
- MLS#:
- 4984761
ADDITIONAL INFORMATION
Experience a cutting-edge facility tailored for the health and wellness, and fitness industries, designed to foster a collaborative environment for its occupants. This versatile building offers a range of customizable spaces to accommodate the specific needs of each tenant. Residents can take advantage of the community lounge, a cafe, as well as communal changing areas, locker rooms, and bathrooms. Join esteemed tenants like Flighthouse Gym, Rye Physical Therapy, and New England Pickleball in this comprehensive destination dedicated to promoting health, wellness, and physical fitness.
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Rye Real Estate
The median home value in Rye, NH is $1,064,200. This is higher than the county median home value of $492,900. The national median home value is $338,100. The average price of homes sold in Rye, NH is $1,064,200. Approximately 67.64% of Rye homes are owned, compared to 11.05% rented, while 21.31% are vacant. Rye real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rye real estate agent to arrange a tour today!
Rye, New Hampshire 03870 has a population of 5,511. Rye 03870 is more family-centric than the surrounding county with 31.73% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Rye, New Hampshire 03870 is $116,332. The median household income for the surrounding county is $101,683 compared to the national median of $69,021. The median age of people living in Rye 03870 is 55.9 years.
Rye Weather
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 50.1 inches per year, with 56 inches of snow per year.