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Listed by Brett Mulvey • Tate & Foss Sotheby's International Rlty
$ 4,500,000
Est. payment /mo
New
1191 - 1193 Ocean BLVD Rye, NH 03870
6 Beds
6 Baths
4,847 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,847 sqft
Price per Sqft $928
MLS Listing ID 5057766
Bedrooms 6
Full Baths 6
Construction Status Existing
Year Built 1958
Annual Tax Amount $8,188
Tax Year 2024
Lot Size 0.880 Acres
Acres 0.88
Property Description
An exceptional investment opportunity along Rye's Ocean Boulevard—just moments from Wallis Sands Beach. This rare offering features five residential units plus a seasonal restaurant, combining strong rental income with long-term redevelopment potential in one of the Seacoast's most desirable coastal settings. 1193 Ocean Boulevard includes two 1BR/1BA apartments on the first floor and a spacious 3BR residence on the second floor. 1191 Ocean Boulevard offers a first-floor studio apartment along with a well-established seasonal restaurant and bar featuring indoor dining, outdoor seating, a takeout window, and ample parking. Together, the properties deliver versatility, steady cash flow, and exciting upside. With direct marsh frontage, ocean breezes, and the sound of waves just steps away, this property embodies the coastal lifestyle tenants and guests are drawn to. Investors may continue operations as-is, expand residential offerings, or redevelop the parcels into luxury condominiums, multifamily residences, or even a signature single-family estate. A rare chance to secure prime coastal real estate with scale, flexibility, and location—all within walking distance to the sand, surf, and sunsets of Wallis Sands Beach. All units currently rented. Please do not solicit information on site.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning BUS, RES, MDL
Interior
Cooling None
Exterior
Utilities Available Cable
Waterfront Description No
View Y/N No
View No
Roof Type Asphalt Shingle
Building
Story 2
Sewer Private
Architectural Style Apartment Building, Single Level
Construction Status Existing
Schools
Elementary Schools Rye Elementary School
Middle Schools Rye Junior High School
High Schools Portsmouth High School
School District Greenland Sch District Sau #50
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