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    2626 East Main Street

    Conway, NH 03813
    • $1,395,000
    • STATUS: Active
    • ON SITE: 416 days
    • MLS #: 4802432
    UPDATED: 31 min ago
    $1,395,000
    • 0
      BEDS
    • 2.97
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $116
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Courtesy of James Doucette of Jim Doucette Real Estate, Llc.

    Description

    The Saco River Motor Lodge is set between the tourist hub of the Mount Washington Valley and Fryeburg, Maine and benefit from being the sole Motor lodge to service the neighboring area. The property has 7 2 and 3 bedroom suites with kitchenettes, 12 traditional motel room and 5 long term rental apartments as well as an over sized two car garage. Purchased in 2011 the property has had extensive upgrading and renovations. There are several local events and businesses that regularly refer guest to SRML due to its convenient proximity to their locations. These sources account for approximately 64% of their short terms rental income. There are also a strong following from the winter recreational guests. Since purchased the pool area was enlarged and upgraded, a playground was added, along with outdoor barbeques and fire pits. All rooms were upgraded with new A/C, carpet, mattresses, flat screen TVs and everything was repainted. The property has shown steady growth in gross revenue and solid maintenance and improvements continue.

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    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-06-19T23:05:35.17.
    www.findanhhome.com/homes/105371989
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    2626 East Main Street Conway, NH 03813

    • Price: $1,395,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 4802432
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.97
    Acres
    12,000
    SQFT
    $116
    $/SQFT
    Neighborhood:
    Conway
    County:
    Carroll
    Area:
    Conway
    Property Description
    The Saco River Motor Lodge is set between the tourist hub of the Mount Washington Valley and Fryeburg, Maine and benefit from being the sole Motor lodge to service the neighboring area. The property has 7 2 and 3 bedroom suites with kitchenettes, 12 traditional motel room and 5 long term rental apartments as well as an over sized two car garage. Purchased in 2011 the property has had extensive upgrading and renovations. There are several local events and businesses that regularly refer guest to SRML due to its convenient proximity to their locations. These sources account for approximately 64% of their short terms rental income. There are also a strong following from the winter recreational guests. Since purchased the pool area was enlarged and upgraded, a playground was added, along with outdoor barbeques and fire pits. All rooms were upgraded with new A/C, carpet, mattresses, flat screen TVs and everything was repainted. The property has shown steady growth in gross revenue and solid maintenance and improvements continue.
    Exterior Features

    Exterior Vinyl SidingWood Siding Lot Description LandscapedLevel Parking Off StreetPavedUnassigned Road Frontage Yes Road Frontage Length 388

    Interior Features

    Basement Yes Basement Access Type Interior Basement Description ConcreteConcrete FloorPartialStairs - InteriorUnfinished Foundation Concrete Sq Ft Total Building 12000 Sq Ft Total Source Municipal

    Property Features

    Auction No Flood Zone No Pre Construction No Sale Includes EquipmentInventoryLand/Building/Business Sewer 1500+ GallonLeach FieldLeach Field - Off-SiteOn-Site Septic ExistsPrivate Sub Property Type Hospitality Sub Property Type Use Lodging Tax Gross Amount 19510 Tax Year 2020 Taxes Tbd No Utilities Cable - At SiteGas - Lp/BottleHigh Speed Intrnt -AtsiteMulti Phone LinesTelephone At Site Water Drilled WellOn-Site Well ExistsPrivate Zoning Residential

    Courtesy of James Doucette of Jim Doucette Real Estate, Llc.


    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-06-19T23:05:35.17.
     
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    Jim Knowlton Home Team | Keller Williams Realty, Hopkinton
    185 Main St
    Hopkinton NH, 03229
    Courtesy of James Doucette of Jim Doucette Real Estate, Llc.