Listed by James Doucette with Jim Doucette Real Estate, LLC 603-986-6555

Active

741 & 747 Ocean Boulevard

Rye NH, 03870

$6,500,000


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 15th bedroom 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.

5007285

MLS ID

July 30, 2024

Listed

September 17, 2024

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

On-Site Septic Exists, Private

Other Property Details

Area Name

NH-Rockingham


Taxes

$15,881


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

On-Site, Parking Spaces 11 - 20, Paved


View

No


Pool

No

Listed by James Doucette with Jim Doucette Real Estate, LLC 603-986-6555

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