2626 East Main Street

Conway, NH 03813

MLS ID# 4802432 Active
Hospitality

$1,395,000



Details for 2626 East Main Street, Conway NH 03813

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 2002 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. Call Jim Doucette for details, 603 986 6555

Features and Details

  • Category Commercial
  • Type Hospitality
  • Village/Neighborhood
  • County Carroll
  • Lot Size 129373
  • Acreage 2.97
  • MLS ID# 4802432

Apx Bldg SqFt
12000
Basement
Concrete, Concrete Floor, Partial, Stairs - Interior, Unfinished, Yes
Building #
3
Parking
Off Street, Paved, Unassigned
Lot Description
Landscaped, Level
Siding
Vinyl Siding, Wood Siding
Total
Units: 24
Utilities
Cable - At Site, Gas - LP/Bottle, High Speed Intrnt -AtSite, Multi Phone Lines, Telephone At Site
Water
Drilled Well, On-Site Well Exists, Private
Sewer
1500+ Gallon, Leach Field, Leach Field - Off-Site, On-Site Septic Exists, Private
Zoning
Residential
Location
Mountain, Near Golf Course, Near Paths, Near Shopping, Near Skiing, Near Snowmobile Trails, Rural, Near Hospital, Near ATV Trails
Property Types
Hospitality
Property Type Use
Lodging
Deed
Book: 2944, Page: 132
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Equipment, Inventory, Land/Building/Business
Sale Type
Sale
This listing was last updated on 5/15/2021 12:33:21 PM.