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Prospect Hill Estate 14.3 +/- Acres 4 Properties Offered at $1,950,000 in Multiple Locations
EXECUTIVE SUMMARY
Seize this rare 14.7±-acre historic estate in scenic Newbury, NH, near Lake Sunapee, offering immediate income streams and transformative development potential. Originally built in 1905 by vaudeville icon Billy B. Van as "Bolivar’s Rest," the property blends timeless charm with versatile zoning ideal for multifamily housing conversions or a premier wedding/event space. Current revenue from rentals, storage, and antiques operations provides cash flow during entitlement and build-out phases. Priced for savvy developers seeking high-ROI projects in a desirable lakeside market. Total potential: Repurpose existing 20,000+ sq. ft. of structures or expand on expansive acreage for 20+ units or a luxury venue hosting 200+ guests.
PROPERTY FACTS
| Price | $1,950,000 | Number of Properties | 4 |
| Price / SF | $92.85 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 21,001 SF | |
| Sale Type | Owner User | Total Land Area | 12.80 AC |
| Status | Active |
| Price | $1,950,000 |
| Price / SF | $92.85 / SF |
| Sale Conditions | |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 21,001 SF |
| Total Land Area | 12.80 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Multifamily | 3,407 SF | 1905 | - | |
| 245 Prospect Hill Rd, Sunapee, NH 03782 | Multifamily | 1,575 SF | 1905 | - |
| 247 Prospect Hill Rd, Sunapee, NH 03782 | Retail | 12,426 SF | 1905 | - |
|
Metal Building
246 Prospect Hill rd, Sunapee, NH 03782 |
Specialty | 7,000 SF | 1905 | - |
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Prospect Hill Estate 14.3 +/- Acres
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