850 White Mountain HwyConway, NH 03860

Property Details for 850 White Mountain Hwy

Year built

1955

Lot size

3.10 AC

Property size (Sq ft)

7,162 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

Exceptional investment opportunity in Conway, NH! This established 19-unit motel, boasting 100% occupancy, presents a compelling return on investment. Situated on a picturesque 3.1-acre lot overlooking the Saco River, between Conway and North Conway, this property offers a blend of rustic charm and modern convenience. The motel comprises 13 motel-style units and 7 individual cabins, along with a single-family caretaker's house. Built in 1955, the property features 7,162 square feet and 21 parking spaces. Amenities include on-site laundry facilities, high-speed internet access, and an inviting in-ground swimming pool. The property benefits from a strong rental income stream, with an average weekly rate of $360 per unit, and a current cap rate of 11.70%. Most major capital improvements have already been completed, making this a truly turnkey operation. The property is zoned RA and presents significant value-add potential for future owners. This is a rare chance to acquire a high-performing, income-generating asset in a desirable New Hampshire location. The asking price is $2,100,000.

Location Insight

City

Conway

County

Carroll

State

New Hampshire

Latitude

44.0015

Longitude

-71.1128

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