935 OCEAN BOULEVARD Hampton, NH 03842 | Commercial Sale | Hospitality

$2,675,000

Closed
Get Flood Insurance Quote
Map
Save to Collection
Virtual Tour
11
7383 sqft.
Paul McInnis LLC Logo
Listing Courtesy of
Paul McInnis LLC

Description

Trustee's Sale at AUCTION Windjammer By the Sea Motel Hampton, NH Online-only auction ends: Thursday, October 13th at 2:00 p.m. Selling to the highest bidder at or above $2,500,000. The owners have decided to retire, and now is the time for the next steward to take their place. The motel enjoys expansive ocean views and has been operating for more than two hundred years. This exquisite property is situated on Hampton’s North Beach across from Bicentennial Park, just two miles north of Hampton Beach, home to the renowned Hampton Beach Casino Ballroom. North Beach is the sought-after location by locals and surfers alike for its relaxed atmosphere and excellent surfing. The Windjammer comprises twenty-two guest rooms, a first-floor garden apartment, and a basement apartment with full kitchens and bathrooms. Amenities include an in-ground swimming pool, a picnic area, and ample on-site parking with adjacent public parking. Each room is uniquely appointed; some include full kitchens or a kitchenette. The guest rooms rent up to $380 per night in season, with an owner-reported gross revenue of $420,000 for the 2021 season. Financials are available for review with the auctioneer. The property totals 1.12 acres in the Business-Seasonal zone, which allows for many permitted uses. (delayed showing 9/28 by appointment)

Property Details

List Price $2,500,000 Sold Price $2,675,000 List Date 2022-09-15 Sold Date 2022-11-29 MLS ID 4929862 Status Closed Property Type Commercial Sale Business Type Hospitality Delayed Showings No County NH-Rockingham Days on Market 29

structure

basement Yes Total Baths 0 building area total 7383.0 building area units Square Feet building name Windjammer by the Sea Motel cooling Other Features Exterior Business Type Hospitality foundation details Concrete, Granite heating Baseboard, Hot Water living area 7383.0 living area units Square Feet Parking Features Off-Site, On-Site, Parking Spaces 11 - 20 roof Shingle - Asphalt stories 3 year built 1794

characteristics

current use Free Standing Building Acres 1 lot size area 1.12 Lot SqFt 48787.0 # of Units 24 view Ocean water body name Atlantic Ocean

tax

tax annual amount 11579.0 tax year 2021 zoning Business Seasonal

financial

gross income 420000.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 12:49:17 AM (UTC)