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Arts & Recreation

Lakeside Cottages And Motel

Tuftonboro, NH, USA
Listed 305 days ago

Charming waterfront cottages and motel property on Mirror Lake in Tuftonboro, New Hampshire is available for sale. Located just beyond the Wolfeboro line, the 1.5-acre, tree-shaded lot offers sweeping views across the lake to the Ossipee Mountains and features an exceptional 315 feet of shoreline with five existing docks. There are nine units – five 2-bedroom cabins and 4 motel rooms. The property and its existing use are truly one of a kind, as current environmental and shoreline regulations would not allow redevelopment in its present form today. A new owner may continue to enjoy the property as it exists or explore alternative configurations; however, any changes would require new building permits, and the septic system would need to be upgraded to meet current environmental standards. The financial profile will be available upon signing a confidentiality agreement. The property and business history including website, goodwill, vendor and supplier lists, non-compete agreement, $26,140 worth of furniture, fixtures and equipment are available at a value price to sell at 2.3 million dollars. Partial seller financing may be available to a qualified buyer.

Location

On Mirror Lake in Tuftonboro, New Hampshire just beyond the Wolfeboro line.

Real Estate

Real Property Included

Management Type

This business is owner operated.

Premises Details

1.5 acre lakeside property with five 2-bedroom cabins and four motel rooms

Support & Training

Support and training during the transition is available.

Reason for Selling

Retirement

Financials

Asking Price
$2.3M
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets ValueIncluded in Asking Price
$26K
Seller Financing
Yes

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