198 Ashworth Ave - Hospitality FOR SALE


Hampton, NH 03842
$4,900,000 USD
603-926-4400
198 Ashworth Ave, Hampton, NH for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/61
null | Request Cap Rate

198 Ashworth Ave
Hampton, NH 03842


OVERVIEW

Flagship Motorcourt Investors, Developers, and Operators—Take Notice! This well-maintained 44-unit motel in the heart of Hampton Beach is an exceptional opportunity. Close to shops, attractions, restaurants; and the most desirable stretch of sand—the Island Section. This property offers a great investment opportunity for various types of buyers. For operators seeking a motel, this property consists of four buildings with a total of 44 motel units Manager’s residence with an office and storeroom. Amenities include a spacious courtyard with picnic tables and grilling stations, along with a pool area. The Flagship Motorcourt boasts a strong rental history with many repeat guests. The rooms are well-sized and attractive, and with your personal touches, this could be transformed into a boutique motel. Hampton Beach is experiencing growth, making this property a perfect fit for its evolving future. Business Seasonal Zone of Hampton Beach, which permits building heights of up to 50 feet. The panoramic views at this elevation, as shown in the included drone photos, are spectacular. This zoning allows for numerous opportunities, especially with a parcel of this size. The property also features ample parking and dual frontage on Ashworth Avenue and Whitten Street. The Flagship Motorcourt is a truly unique property and a solid investment, offering significant potential for immediate returns or future development.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$326 USD /SF

# OF ROOMS

44

PRICE/ROOM

$111,364 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagship Motor Court Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

BS

APN/PARCEL ID

HMPT-000295-000000-000031

ASK ABOUT THIS PROPERTY

Tom McGuirkMcGuirk PropertiesMore Info
603-926-4400

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Tom McGuirkMcGuirk PropertiesMore Info
603-926-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.