USANHRye150 Lafayette Rd
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150 Lafayette Rd, Rye, NH

Real Estate

Sold

Listed price in listed location currency (USD).
$4,500,000
$4,995,000

000

MLS® 5010796

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Approx. Age 1970
MLS® Number 5010796

Property Address: 150 Lafayette Rd, Rye, NH, 03870-6133

Average square foot calculated using Size range provided by listing agent.

Description

We are 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 approx. 1970, 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 October 30, with a tremendous upside to increase revenue on a year round basis. Permit in place to operate year round. The investment opportunity is being offered with pricing guidance at $4, 995, 000 which translates into a robust cap rate of 8% 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.
MLS® Number5010796
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Dec 20, 2025End Date
$4,500,000Sold Price

Sold

Aug 22, 2024List Date
$4,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
150 Lafayette Rd, Rye, NH

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