2626 East Main StreetConway, NH 03813MLS Number 4802432

  • Price: $1,395,000
  • 380 Days on Market
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Federal 30-year interest rate: 2.96% last updated on May 6, 2021
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Active with Contract
2626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 038132626 East Main Street Conway NH 03813
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    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 TV's and everything was repainted. The property has shown steady growth in gross revenue and solid maintenance and improvements continue.
    Listed by James Doucette of Jim Doucette Real Estate, LLC

    Driving Directions

    Lisa Hampton Real Estate LLC
    Lisa Hampton Real Estate LLC
    Office: 603.788.5106
    20 Middle Street
    Lancaster, NH 03584

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    More Info

    Basic Information

    • StatusActive With Contract
    • Modification Date04/08/2021
    • TypeHospitality
    • List Price$1,395,000
    • Broker NameJim Doucette Real Estate, LLC
    • Listing Agent NameJames Doucette
    • Lister Office NameJim Doucette Real Estate, LLC
    • MLS Number4802432
    • MLS StatusActive Under Contract

    Other

    • View Count32

    Location

    • Building Number2626
    • StreetEast Main Street
    • TownConway
    • StateNH
    • Zip03813
    • CountyCarroll
    • Map258

    Property

    • Acreage2.97
    • Parking Spaces
    • Property TypeCommercial Sale
    • Area
      • Mountain
      • Near ATV Trails
      • Near Golf Course
      • Near Hospital
      • Near Paths
      • Near Shopping
      • Near Skiing
      • Near Snowmobile Trails
      • Rural
    • Lot Sqft129,373
    • Road Frontage388

    Building

    • Units24
    • FoundationConcrete
    • Square Feet12,000
    • Available Sqft12,000
    • BasementConcrete, Concrete Floor, Partial, Stairs - Interior, Unfinished
    • Garage Spaces

    Exterior

    • ExteriorVinyl Siding, Wood Siding
    Broker Reciprocity

    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 for sale on this web 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 May 9, 2021.

     

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