2 Bridge StMilan, NH 03588

Property Details for 2 Bridge St

Year built

1904

Lot size

0.34 AC

Property size (Sq ft)

4,109 SF

Zone code

RURAL

Property type

Showrooms

APN

MILA M:00044 L:000088 S:000000

APU

MILAM00044L000088S000000

Description

The Du Bee Inn, situated at 2 Bridge Street in Milan, New Hampshire, presents a unique commercial opportunity. This established bed and breakfast boasts 4,435 square feet on a 0.34-acre lot, offering substantial space and flexibility. The main building features five bedrooms and three bathrooms, creating ample accommodations for guests. A separate, self-contained one-bedroom, one-bathroom apartment provides an additional revenue stream, ideal for owners or long-term rentals. The property includes a spacious kitchen, perfect for preparing breakfast or catering to larger groups, along with a sun porch and a main-level deck, enhancing the guest experience. The apartment also features its own deck, offering stunning mountain views. Recent successful rentals to traveling nurses demonstrate the property's adaptability to various hospitality models. Its strategic location provides direct access to ATV and snowmobile trails, placing it at the heart of outdoor recreational activities. Nearby attractions include excellent fishing, hunting, and skiing opportunities, capitalizing on the region's four-season appeal. The Inn's proximity to town amenities ensures convenient access to essential services. Located steps from the Androscoggin River and surrounded by miles of trails, this property is poised for continued success as a bed and breakfast or a transformation into a new hospitality venture. The asking price is $500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,101,582

  6.5%

  $1,016,845

  7%

  $944,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,354,765

  Geo Method

  $1,352,942

• Alternative Use

  Use

  Valuation

  Residential

  $857,747

  Hospitality

  $785,692

  Educational

  $653,686

  Medical

  $676,167

  Retail

  $1,016,845

Location Insight

City

Milan

County

Coos

State

New Hampshire

Latitude

44.5729

Longitude

-71.1844

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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