Bought with Sean Regan • Applevale Realty Inc.
$4,570,000
$4,650,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
741 & 747 Ocean BLVD Rye, NH 03870
6,908 SqFt
Key Details
Sold Price $4,570,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,908 sqft
Price per Sqft $661
MLS Listing ID 5034818
Sold Date 07/18/25
Year Built 1960
Annual Tax Amount $17,123
Tax Year 2024
Lot Size 1.520 Acres
Acres 1.52
Property Description
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably to accommodate nightly, short-term, and long-term stays. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm—an investment w/ lifestyle upside, & value-add potential.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning Business
Body of Water Ocean
Rooms
Basement Entrance Interior
Basement Storage Space
Interior
Cooling Wall AC Units
Exterior
Utilities Available Cable at Site
Waterfront Description Yes
View Y/N Yes
Water Access Desc Yes
View Yes
Building
Sewer Private
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