Listed by James Doucette with Jim Doucette Real Estate, LLC [email protected]
Active
741 & 747 Ocean Boulevard
Rye NH, 03870
$4,950,000
Active
Commercial
This 1950s 4-season motor inn 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 studio 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 add a 1000 sq ft, 2-bedroom apartment above the retail/office space. Ability to add a 15thbedroom on property is viable. 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 caterer'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. The property could be ideal for the resident owner operator with the addition of the 2-bedroom apartment or as part of a portfolio model. Or re-imagine this rare 1.52 ac. ocean view parcel.
5026023
MLSⓇ ID
January 8, 2025
Listed
January 8, 2025
Updated
Map
741 & 747 Ocean Boulevard
Rye NH, 03870
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.52 Acres
Sewer
Private
Other Property Details
Area Name
NH-Rockingham
Taxes
$17,123
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
Pool
No
Listed by James Doucette with Jim Doucette Real Estate, LLC [email protected]
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