2626 East Main Street, Conway, NH - $1,395,000

2626 East Main Street, Conway, NH

   Photo 1 of 12   
Price: $1,395,000 Status: Active
Taxes: $19,510 Lot Size 2.97

Comments:

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.

Listed by James Doucette of Jim Doucette Real Estate, LLC.

Property Features

Property Information

MLS # 
4802432 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Landscaped, Level 
Property Type 
Commercial Sale 
Road Frontage 
Yes 
Roof 
 
Roads 
 
Sq Ft Building 
12000 
Stories 
 
Baths 
 
Units 
24 
Water 
Drilled Well, On-Site Well Exists, Private 
Water Access Desc 
 
Water Body 
 
Water Frontage 
 
Zoning 
Residential 

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