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14936353
14886697

850 White Mountain Hwy, Conway, NH 03860

PM
NH 070766, ME BA919441
KW Commercial Portsmouth
Listed by KW Commercial Portsmouth
$2,100,000
848 days on market
Updated 61 days ago

850 White Mountain Highway

Details
Property Type Hospitality
Sub Type Motel
Square Footage 7,162
Units 19
Cap Rate 11.70%
Occupancy 100%
Tenancy Multi
Year Built 1955
Buildings 10
Stories 1
Acreage 3.100
Zoning RA
Parking Spaces 21 spaces
Parking Per SqFt 2.93

Turnkey Investment Opportunity: Take Over This Well-Maintained Property Now!

Marketing description

Nestled between Conway and North Conway, the Hitching Post Inn & Cottages has been providing lodging since the 1950's. With 13 motel-style units,7 individual cabins and a single family caretaker's house that sits on 3.1 acres perched above the Saco River. The Hitching Post is currently being operated as an extended stay motel. Guests enjoy amenities such as on-site laundry, high speed internet, in-ground swimming pool and more. Investors will appreciate the impressive rent roll with additional value-add opportunities for the new owners. The current owners have addressed most of the major capital improvements as well as updating a lot of the units. New owners will enjoy collecting weekly rent with potential to add more cabins for even more revenue. Do not miss the opportunity to add this cash flowing gem to your portfolio.

Investment highlights

Discover the Hidden Gem of Conway: The Hitching Post Inn & Cottages

Perched perfectly between the charming towns of Conway and North Conway, the Hitching Post Inn & Cottages has been a beloved lodging destination since the 1950s. Spread over a picturesque 3.1 acres above the serene Saco River, this property offers a unique blend of rustic charm and modern convenience.

With 13 cozy motel-style units plus 7 quaint individual cabins, and a spacious single-family caretaker's house, the Hitching Post is currently thriving as an extended stay motel. Guests revel in amenities including on-site laundry facilities, high-speed internet, an inviting in-ground swimming pool, and much more.

For investors, this property is a treasure trove of opportunities. The current owners have already taken care of most major capital improvements and have updated many units, making this a turnkey investment.

Don't miss your chance to add this high-performing, income-generating property to your portfolio. The Hitching Post Inn & Cottages isn't just a motel; it's a slice of New Hampshire's scenic beauty and a gateway to a prosperous investment.

Average Weekly Rate is $360 per unit.

Listing Contacts

PM
NH 070766, ME BA919441
KW Commercial Portsmouth
Listed by KW Commercial Portsmouth

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