850 White Mountain HighwayConway, NH 03860MLS Number 4940822

  • Price: $2,950,000
  • Est. Mortgage of $/month
  • 15 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
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850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860850 White Mountain Highway Conway NH 03860
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  • 3.1Acreage
  • 21Bathrooms
  • 1955Year Built
  • 7,162Square Feet

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Listed by Matthew Lefebvre and Jessica Stevenson of Downtown Realty
Welcome to this White Mountain gem. A unique 21-door, multi-unit hospitality property located on Route 16 in North Conway, NH. Situated on the gateway between Conway and North Conway, The Hitching Post Inn & Cottages (now known as simply “The Hitching Post”) is a long-term staple of the community, having been in operation since the late 1950s. The property is 3.1 acres and consists of 13 motel-style units, 7 individual cabins, an in-ground swimming pool, and a single-family house that doubles as an on-site office and provides vending and laundry amenities to residents. Under the current ownership, the property has operated as an extended-stay motel, similar to long-term apartment rentals, with an average term of over 20 months. Occupants pay weekly rent that includes heat, hot water, electric, water, sewer and high-speed internet. Many of the units have been painstakingly remodeled and almost all of the major capital improvements have been addressed over the last few years. This property still boasts several opportunities for additional value-add. At present, the single-family home is for personal or employee use only, but with some renovations to bring this building up to modern code, this spacious 3 bedroom/3 bathroom house could also be rented, generating significant additional income. Additional cabins could be added to the property, further increasing the potential income that could be generated. Do not disturb occupants. Showings by appointment only.

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More Info

Basic Information

  • StatusACT
  • List Price$2,950,000
  • MLS Number4940822
  • MLS StatusActive

Property

  • Acreage3.1
  • Parking Spaces
  • Lot DescriptionCountry Setting, Mountain View, View, Wooded
  • Lot142
  • Square Feet7,162
  • APX Fin AG Sqft7,162
  • RoadsPaved, Public

Other

  • Taxes$9,233
  • Seasonal Y/NNo
  • TrashDumpster
  • View Count1

Location

  • VillageNorth Conway
  • TownConway
  • StateNH
  • Zip03860
  • CountyCarroll
  • ZoningRA
  • Flood Zone Y/NNo

Interior

  • FloorsVinyl Plank

Exterior

  • ExteriorShake, Wood Siding
  • RoofShingle - Asphalt

Utilities

  • Heat FuelGas - LP/Bottle, Oil
  • Heat SystemBaseboard, Direct Vent
  • WaterPublic
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - At Site, Internet - Fiber Optic, Phone

Building

  • Year Built1955
  • Building ConstructionModular Prefab, Wood Frame
  • StyleApartment Building, Conversion, Cottage/Camp, Multi-Family, New Englander
  • Units21
  • # of 1 Bedrooms20
  • # of 3+ Bedrooms1
  • Bathroom21
  • Total Baths21
  • BasementUnfinished
  • FoundationConcrete, Slab - Floating

Amenities

  • Exterior AmenitiesPool - In Ground, Shed
Ray Realty
Ray Realty
Office: 603-986-7464
3641 White Mountain Highway
North Conway, NH 03860

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Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 27, 2023 12:25 PM EST.

 

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