Commercial for Sale: 150 Lafayette Road, Rye, NH 03870

$5,900,000
$5,900,000
150 Lafayette Road, Rye, NH 03870
$5,900,000
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Price:
$5,900,000
$500,000 - 10/24/2024

Type Commercial
Lot Size 4.08 acres
Year Built 1790
Taxes Paid $15,778

City Rye
County Rockingham

MLS 5010796
Status Active
DOM 86 days
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.

Lot & Building Features

Utilities Cable - At Site, Telephone Available, Telephone At Site, Cable - Available
Construction Wood Exterior, Wood Frame
Cooling Central AC, Multi Zone, Mini Split
Heat Source Electric, Gas - LP/Bottle
Heating Forced Air, Multi Zone, Mini Split, Heat Pump
Parking Description On-Site
Sewer 1500+ Gallon, Septic Design Available, Septic, Pumping Station, Private, Leach Field - On-Site, Leach Field - Existing, Leach Field
Tax Year 2023
Taxes Paid $15,778
Water Public
Basement Description Concrete, Storage Space, Stairs - Interior, Stairs - Exterior, Stairs - Basement, Slab, Partially Finished, Interior Access, Insulated, Finished, Exterior Access, Concrete Floor
Foundation Concrete, Granite
Lot Description Corner, Street Lights, Sloping, Rental Complex, Major Road Frontage, Landscaped
Roof Shingle - Asphalt

Price History of 150 Lafayette Road

Date Name Price Difference
10/24/2024 Price Adjustment $5,900,000 7.81%
08/22/2024 Listing Price $6,400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 150 Lafayette Road, Rye, NH

Location Map Street View
Photo of Candace Azotea
Direct: 603-502-5683
Office
55 Congress St Suite A
Portsmouth, NH 03801
603-431-1100
Listed by Tate & Foss Sotheby's International Rlty, Tony Jalbert
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20%
0.26743830508475%
6.75%
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150 Lafayette Road (MLS #5010796) is a commercial listing located in Rye, NH. This is a commercial listing with a lot of 177,725 sqft (or 4.08 acres). This property was listed on 08/22/2024 and has been priced for sale at $5,900,000.

Nearby zip codes are 03801, 03840, 03842, 03862 and 03871. This property neighbors other cities such as Greenland, Hampton, Newington, North Hampton and Portsmouth.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Tate & Foss Sotheby's International Rlty

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. Data last updated 11/16/2024