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Listed by Sean Bakhtiari • Compass New England, LLC
$ 4,650,000
Est. payment /mo
New
741 & 747 Ocean BLVD Rye, NH 03870
6,684 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,684 sqft
Price per Sqft $695
MLS Listing ID 5034824
Construction Status Existing
Year Built 1960
Annual Tax Amount $17,123
Tax Year 2024
Lot Size 1.520 Acres
Acres 1.52
Property Description
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably accommodate short-term rentals, mid-term rentals or long-term rentals. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm—an investment w/ lifestyle upside, & value-add potential.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning Business
Rooms
Basement Entrance Interior
Basement Bulkhead
Interior
Cooling Wall AC Units
Exterior
Garage Description Parking Spaces 21+
Utilities Available Cable - At Site
Roof Type Shingle - Asphalt
Building
Story 1
Foundation Poured Concrete, Slab - Concrete
Sewer Private
Architectural Style Hotel
Construction Status Existing
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