2626 East Main St, Conway

$1,395,000

0 Beds
0 Baths
2.97 Acres
0 Garages

The Saco River Motor Lodge is set between the tourist hub of the Mount Washington Valley and Fryeburg, Maine and benefit from being the sole Motor lodge to service the neighboring area. The property has 7 2 and 3 bedroom suites with kitchenettes, 12 traditional motel room and 5 long term rental apartments as well as an over sized two car garage. Purchased in 2002 the property has had extensive upgrading and renovations. There are several local events and businesses that regularly refer guest to SRML due to its convenient proximity to their locations. These sources account for approximately 64% of their short terms rental income. There are also a strong following from the winter recreational guests. Since purchased the pool area was enlarged and upgraded, a playground was added, along with outdoor barbeques and fire pits. All rooms were upgraded with new A/C, carpet, mattresses, flat screen TV’s and everything was repainted. The property has shown steady growth in gross revenue and solid maintenance and improvements continue.

James Doucette, Jim Doucette Real Estate, LLC.

Essential Information
MLS® #4802432
Price$1,395,000
Bathrooms0.00
Acres2.97
TypeCommercial
Sub-TypeCommercial/Industrial
StatusActive
Community Information
Address2626 East Main St
AreaConway
CityConway
CountyCarroll
StateNew Hampshire
Zip Code03813
Amenities
ParkingOff Street, Paved, Unassigned
Utilities

Cable - At Site, Gas - LP/Bottle, High Speed Intrnt -AtSite, Multi Phone Lines, Telephone At Site

Exterior
Lot DescriptionLandscaped, Level
FoundationConcrete
Additional Information
Date ListedApril 24th, 2020
Days on Market41
ZoningResidential
Listing Details
AgentJames Doucette
OfficeJim Doucette Real Estate, LLC
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Listing information last updated on June 5th, 2020 at 3:06am EDT.