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Bentley By The Sea

86 Lafayette Rd
Route 1
North Hampton, NH 03862
(603) 964-7277
150 Lafayette
Rye, NH
MLS Number: 5010796
Price: $6,400,000.00
4.08
Acres (approx)
Listed Agent: Tony Jalbert
Listing Office: Tate & Foss Sotheby's International Rlty 603-964-8028
Listing Date: Aug 22, 2024 - Active

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.

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Basic Information
City/Town
Rye
County
NH-Rockingham
Taxes/Year
$15,778.86 / 2023
Year Built
1790
Sq. Footage
0 SF
Zoning
COM
Lot Size
4.08 Acres (approx)
Property Features
Basement
Y
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Date last updated 09/19/2024.


Photos Updated on 08/22/2024 10:06 am
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