198 Ashworth Ave - Hospitality FOR SALE


Hampton, NH 03842
$4,950,000 USD
857-990-6802
198 Ashworth Ave, Hampton, NH for Sale
$4,950,000 USD
Hospitality - FOR SALE
1/6
null | 8.79% Cap Rate

198 Ashworth Ave
Hampton, NH 03842


HIGHLIGHTS

  • 4 Buildings totaling 44-unit, plus a Managers Residence
  • Built in 1983, renovated in 2015
  • Walking Distance to Downtown Hampton Beach

OVERVIEW

Northeast Private Client Group is proud to present the Flagship Motorcourt Motel located at 198 Ashworth Ave in Hampton, NH. This offering consists of 44 motel units, a manager’s residence, and an office/reception. Guests enjoy ample off-street parking, a pool area as well as walking distance to all local beaches, shops, and restaurants. This property is just .5 miles from the proposed 100-unit Condo, 3000+ seat music venue and new restaurant and retail space. New owner can step into an attractive 9% cap rate while have the opportunity to increase occupancy while also taking advantage of the new development happening in the area.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$329 USD /SF

# OF ROOMS

44

PRICE/ROOM

$112,500 {currency}

CAP RATE

8.79%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagship Motor Court Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

BS

APN/PARCEL ID

HMPT-000295-000000-000031

ASK ABOUT THIS PROPERTY

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.