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Flagship Motor Court Motel 198 Ashworth Ave 44 Room Hotel Hampton, NH 03842 $6,868,719 CAD ($156,107 CAD/Room) 8.79% Cap Rate
INVESTMENT HIGHLIGHTS
- 4 Buildings totaling 44-unit, plus a Managers Residence
- Walking Distance to Downtown Hampton Beach
- Built in 1983, renovated in 2015
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $6,868,719 CAD | Building Size | 15,052 SF |
| Price Per Room | $156,107 CAD | No. Rooms | 44 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.79% | Year Built | 1980 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.33/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.65 AC | ||
| Zoning | BS | ||
| Price | $6,868,719 CAD |
| Price Per Room | $156,107 CAD |
| Sale Type | Investment |
| Cap Rate | 8.79% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 15,052 SF |
| No. Rooms | 44 |
| No. Stories | 2 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.33/1,000 SF |
| Corridor | Exterior |
| Zoning | BS |
AMENITIES
- Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 44 | $130.44 CAD | - |
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PROPERTY TAXES
| Parcel Number | HMPT-000295-000000-000031 | Improvements Assessment | $1,765,330 CAD |
| Land Assessment | $1,241,920 CAD | Total Assessment | $3,007,250 CAD |
PROPERTY TAXES
Parcel Number
HMPT-000295-000000-000031
Land Assessment
$1,241,920 CAD
Improvements Assessment
$1,765,330 CAD
Total Assessment
$3,007,250 CAD
CONTACTS
-
Drew Kirkland -
Francis Saenz -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Flagship Motor Court Motel | 198 Ashworth Ave
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