1 Main StFranconia, NH 03580

For Sale
$800,000 View listing
  • Commercial real estate
  • 3,405 SF

Property Details for 1 Main St

Year built
1900
Lot size
5.20 AC
Property size (Sq ft)
3,405 SF
Zone code
RES-B
Property type
Commercial real estate
APN
FRNC M:00005 L:000005 S:000000
APU
FRNCM00005L000005S000000

Description

Nestled in the heart of Franconia, New Hampshire, this exceptional property presents a unique investment opportunity. The Gale River Motel boasts breathtaking views of Cannon Mountain and Franconia Notch from every room, offering guests an unforgettable scenic escape. The property encompasses six acres of land, including a large, level field perfect for hosting events or gatherings. Adding to its appeal is significant frontage on the Gale River, providing a tranquil setting for relaxation. Beyond the main motel, two independent cabins offer additional accommodation options. The property includes a three-bedroom, two-and-a-half-bathroom house, ideal for on-site living or rental income. This turnkey operation comes complete with all necessary inventory and equipment, ensuring a seamless transition for the new owner. A substantial solar array provides 100% of the electricity for the main building and house, resulting in significant energy savings. The motel benefits from experienced on-site staff and a long history of positive guest reviews, ensuring consistent business. The property's zoning allows for a wide range of commercial and residential uses, presenting exciting possibilities for future development. This highly-rated business offers a rare chance to own and operate a historic Franconia establishment in one of New Hampshire's most picturesque locations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $710,852
    Hospitality
    $651,137
    Educational
    $541,738
    Medical
    $560,370
    Retail
    $842,704
1 Main St, Franconia, New Hampshire

Location Insight

City
Franconia
County
Grafton
State
New Hampshire
Latitude
44.2341
Longitude
-71.7556
CBSA code
30100
CBSA name
LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,127
$180,400
$246,600
$427,000
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-
-
-

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