Adam Dow Real Estate

529 3 N RouteCarroll, NH 03598Price: $160,000

  • Price: $160,000
  • 1035 Days on Market
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Federal 30-year interest rate: 2.97% last updated on Feb 25, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $160,000List Price
  • 5.19Acreage
  • 6,462Square Feet
Listed by Peter Nightingale of Keller Williams Lakes & Mountains Meredith

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Here's a rare opportunity to own your own Hotel/Motel restaurant. This was a functioning restaurant and rental business until approximately 2 years ago. Previous owners personal situation caused them to move away and leave the property empty. The building needs an extensive renovation. 2 of the 11 units have been partially renovated. Fire chief and Planning board require some updates to get the building into compliance. As an added bonus there is a restaurant with some equipment worth cleaning and rehabbing. Other equipment would be better to replace. 7 sleeper sofas and matching chairs have recently been purchased for the rooms once renovated. This property would make a fantastic airbnb vacation rental property or return it to a 3 story hotel and live in the 3 BR 2 Bath owners quarters. A complete fire code analysis has been done and the Planning board process has been completed to re-open as a hotel and restaurant. Any change in usage would require new approval. Lack of funds causes me to put this and another real estate investment for sale. Once one sells I will keep the other one to complete. Owner is a licensed real estate agent.

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated March 1, 2021.

 

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