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Scenic Inn of Conway 17 Wilder St 14 Room Hotel Conway, NH 03818 $1,250,000 ($89,286/Room) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- Inn with a long standing reputation.
- Great location on corner lot.
- Well maintained property.
EXECUTIVE SUMMARY
The Scenic Inn in Conway NH is well situated on a corner lot and is one of the first lodging establishments to greet visitors to the area. It has a long-standing reputation for comfortable and clean accomodations and the current owners have run it consistently and successfully through the past 20 years. It is now time to hand the reins over to the next generation of owners. The property is being sold in good condition with everything you need to continue running the operation. Four of the rooms are occupied on a monthly basis with consistent tenancy. The remaing ten rooms are rented to travelers by the night. Across the street is the library and just down the street is the Saco River, Majestic Theater and Revo Casino. A short car ride will get you to any of the local restaurants, shopping, hiking, biking or skiing. Appointments for showings required.
PROPERTY FACTS
| Price | $1,250,000 | Building Size | 8,086 SF |
| Price Per Room | $89,286 | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 12% | Year Built/Renovated | 1980/2022 |
| Property Type | Hospitality | Parking Ratio | 1.36/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.37 AC | ||
| Zoning | VR | ||
| Price | $1,250,000 |
| Price Per Room | $89,286 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 8,086 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2022 |
| Parking Ratio | 1.36/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | VR |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $164.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 265-27 | Improvements Assessment | $552,400 |
| Land Assessment | $117,600 | Total Assessment | $670,000 |
PROPERTY TAXES
Parcel Number
265-27
Land Assessment
$117,600
Improvements Assessment
$552,400
Total Assessment
$670,000
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Scenic Inn of Conway | 17 Wilder St
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