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741 & 747 Ocean Boulevard, Rye, NH 03870
$6,500,000 Asking Price
$---/mo Est. Payment Get Prequalified »
12
beds
13
baths
6,908
sqft
Built in
1960
Make this 1960s 4-season motor inn your beach home and business. It underwent a complete, historically sensitive renovation in 2021. Completely modernized for today's traveler while reintroducing the on-trend, retro-themed decor, this unique property is poised for continued growth. Offering 12 studio and 1-bedroom units over two structures, these apartment-style rooms provide the flexibility for longer stays as each has its own full kitchen and bathroom. Current ownership operates as a limited service apart-hotel model with year over year growth since opening in 2021. Approvals are in place to add a 1000 sq ft, 2-bedroom apartment above the retail/office space that could serve as owner’s quarters or make the bungalow your home. The oversized, heated pool with spacious deck and bold views to the Isles of Shoals is an ideal for setting for small events. The large, flat yard can accommodate tents, a perfect setting for popular micro-weddings of 30 or less guests. The poolside cabana with bathroom has been designed to accommodate a commercial caterer’s kitchen/bar for event purposes. The property also includes a petite retail/office space that houses the popular boutique: The Swim Shop. Continue to operate this seasonal retail component or lease for additional income. Set across Ocean Boulevard from the ocean and a short walk to Odiorne State Park. Or re-imagine this rare 1.52 ac. ocean view parcel.
Features & Amenities
Interior
- A/C:
- Wall AC Units
- Heating:
- Hot Water,Wall Units, Electric,Oil
Construction
- Roofing:
- Shingle - Fiberglass
- General:
- 1, Concrete
Location
- Road/Access:
- Paved,Public
- County:
- NH-Rockingham
Lot
- Driveway:
- Paved
- Zoning:
- commercial
Utilities
- Utilities:
- Cable - At Site
- Sewer:
- Private
This listing courtesy of:
Jim Doucette Real Estate, LLC, James Doucette
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Rye, NH
Housing
- Number of Units
- 1,840
- Median Home Value
- $758,074
- Median Rent
- $1,507
10.66% of housing units are renter occupied.
19.61% are vacant.
Commute
- Car
-
40.34%
- Public Transportation
-
0.01%
- Walk to Work
-
0.21%
- Work from Home
-
59.35%
- Other
-
0.00%
The median travel time to work is 10 minutes.
People
- Population
- 3,429
- Median Age
- 56.10
- Median Household Size
- 2.60
Education
- High School
-
12.86%
- Associate’s Degree
-
8.32%
- Bachelor’s Degree
-
41.57%
- Graduate Degree
-
23.33%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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