17-Unit Historic Inn | 9.2% Cap | North Conway NH Tourism Market

Highlights:

• Historic 17-Unit Hospitality Property in North Conway, NH
• Strong In-Place Income with Upside Potential
• Flexible Use Potential
• Prime Location Near North Conway Village & Mount Washington Valley Attractions
• Large Historic Building on 0.61 Acres
• Value-Add Opportunity

Description:

The Isaac Merrill House presents a rare opportunity to acquire a historic income-producing property in the heart of the Mount Washington Valley tourism market. Located at 720 Kearsarge Road in North Conway, New Hampshire, the property is currently configured with 17 income-producing rooms and generates approximately $212,400 in annual gross income with an estimated NOI of $119,432.

Originally constructed in 1773 and operated for many years as a well-known Bed & Breakfast, the property offers multiple potential uses including continued workforce housing, hospitality lodging, extended-stay accommodations, or boutique inn conversion. The building contains approximately 7800 square feet on a 0.61-acre lot and is situated minutes from North Conway Village, Cranmore Mountain Resort, and the region’s major retail and tourism attractions.

With strong in-place income and a projected cap rate of approximately 9.2%, the property offers both stable cash flow and long-term repositioning potential in one of New England’s most visited four-season destinations.

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