Description
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably to accommodate nightly, short-term, and long-term stays. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm"an investment w/ lifestyle upside, & value-add potential.
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0BEDS
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1.52ACRES
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12BATHS
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01/2 BATHS
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6,684SQFT
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$696$/SQFT
School Ratings & Info
Description
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably to accommodate nightly, short-term, and long-term stays. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm"an investment w/ lifestyle upside, & value-add potential.
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Courtesy of Sean Bakhtiari of Compass New England, LLC: .