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31889144
31889143

233 U.S. 3, Carroll, NH 03598

SN
$1,700,000
51 days on market
Updated 51 days ago

233 U.S. 3

Details
Property Type Retail, Hospitality
Sub Type Hotel, Motel
Square Footage 36,988
Acreage 7.000
Parking Spaces 83 spaces
Parking Per SqFt 2.24
Investment Type Redevelopment
Ground Lease No

Best Motel/Hotel Location, Route 3, Twin Mountain, NH

Investment highlights

  • Approximately 7-acre hospitality redevelopment site in the heart of New Hampshire’s White Mountains.
  • Rare offering: first time available in approximately 50 years.
  • Approved plans and complete construction drawings available;
  • Motel/hotel building is designed to facilitate conventional building or modular building construction.
  • Major site work is reportedly about 70% complete, including a workable septic system.
  • All engineering and environmental requirements are completed.
  • Existing access to electricity and water line on site.
  • Two-building configuration creates phased redevelopment flexibility.
  • Annex building includes 11 motel rooms and separate septic, electric, and water connections.
  • Old motel building is positioned for demolition and reconstruction.
  • Located next to Twin Mountain Airport and near major White Mountains tourism attraction.
  • Bretton woods resort, mount Washington motel, loon mountain ski report and mount Washington cog rail(train) to summit. All within short driving distances.

Executive Summary

This is a rare chance to acquire a large-scale motel redevelopment site in Carroll, New Hampshire, serving the Twin Mountain and greater White Mountains tourism corridor. Positioned on approximately 7 acres at 233 US-3, the property offers a compelling combination of location, scale, and predevelopment possibility for a motel and /or hotel development, for any hospitality operator seeking a value-add or ground-up lodging project.

The site includes two existing buildings. The annex structure includes 11 rooms and separate utility connections, creating potential for renovation, interim use, or incorporation into a broader redevelopment plan. The main 61-room building is suited for demolition and reconstruction, allowing a buyer to reimagine the property for a modern motel, boutique lodge, workforce lodging concept, or other hospitality-oriented use, subject to final permits and buyer due diligence.

Redevelopment Opportunity

Few hospitality sites in this region offer both meaningful acreage and a partially advanced development position. With planning work reportedly completed and utility infrastructure already present, a buyer may be able to shorten the path from acquisition to execution compared with a raw land opportunity.

This property is especially attractive for buyers seeking to capitalize on year-round demand generated by the White Mountains region, including outdoor recreation, scenic tourism, ski traffic, and Mount Washington visitation. The combination of scale, visibility, and optionality makes this an appealing platform for a signature hospitality project.

Location Overview

  • Situated in Twin Mountain / Carroll, a well-known gateway to the White Mountains region.
  • Adjacent to Twin Mountain Airport.
  • Convenient access to Route 302, Bretton Woods resort, and the Mount Washington area.
  • New Hampshire tourism remains a major economic driver, supporting lodging demand across the region.

Listing Contacts

SN

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