$5,995,000
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741 & 747 Ocean Boulevard Rye, NH 03870
Single Family
Residence
12
Beds
13
Baths
6,684
Sq. Ft.
1.52
Acre
Lot
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Make this 1960s 4-season motor inn your beach home and business. It underwent a complete, historically sensitive renovation in 2021. Completely modernized for today's traveler while reintroducing the on-trend, retro-themed decor, this unique property is poised for continued growth. Offering 12 studi...o and 1-bedroom units over two structures, these apartment-style rooms provide the flexibility for longer stays as each has its own full kitchen and bathroom. Current ownership operates as a limited service apart-hotel model with year over year growth since opening in 2021. Approvals are in place to add a 1000 sq ft, 2-bedroom apartment above the retail/office space that could serve as ownerâ??s quarters or make the bungalow your home. The oversized, heated pool with spacious deck and bold views to the Isles of Shoals is an ideal for setting for small events. The large, flat yard can accommodate tents, a perfect setting for popular micro-weddings of 30 or less guests. The poolside cabana with bathroom has been designed to accommodate a commercial catererâ??s kitchen/bar for event purposes. The property also includes a petite retail/office space that houses the popular boutique: The Swim Shop. Continue to operate this seasonal retail component or lease for additional income. Set across Ocean Boulevard from the ocean and a short walk to Odiorne State Park. Or re-imagine this rare 1.52 ac. ocean view parcel.
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MLS#
5015046
Property Type
Single Family
Bedrooms
12
Bathrooms
12 Full/1 Half
Year Built
1960
Square Feet
6,684
sq. ft
Price per Sq. Ft.
$896.92
Lot Size
1.52
Sewer
Private Sewer System
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