741 Ocean Blvd - Hospitality FOR SALE


Rye, NH 03870
$4,650,000 USD
603-560-5357
741 Ocean Blvd, Rye, NH for Sale
$4,650,000 USD
Hospitality - FOR SALE
1/60
null | 13.91% Cap Rate

741 Ocean Blvd
Rye, NH 03870


OVERVIEW

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 accommodate short-term rentals, mid-term rentals or long-term rentals. 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.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$635 USD /SF

# OF ROOMS

12

PRICE/ROOM

$387,500 {currency}

CAP RATE

13.91%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rye Motor Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

BUS

APN/PARCEL ID

RYEE-000231-000000-000028

ASK ABOUT THIS PROPERTY

Sean BakhtiariCompass Massachusetts, LlcMore Info
603-560-5357

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Sean BakhtiariCompass Massachusetts, LlcMore Info
603-560-5357

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