186-970 Tory Pines Rd | Francestown, NH 03043
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186-970 Tory Pines Rd
Francestown, NH 03043
Multifamily Property For Sale · 24 Units
Investment Highlights
- 1.4 Miles from Crotched Mountain Ski & Ride - Owned by Vail Resorts since 2019
- 152.5 Acre Site Offers Excellent Re-Development Opportunity for Potential Buyers
- 0.2 Miles from Crotched Mountain Golf Club
Executive Summary
Crotched Mountain Resort, only a 40-minute drive from Manchester, NH, and 90-minutes from Boston, MA, is nestled off Tory Pines Road in Francestown, NH. With 152.5 acres of land, including two wetlands covering 28.5 acres, there is an opportunity to reimagine this cozy retreat.
The site offers an excellent opportunity for redevelopment into a hotel, vacation community, or single-family home community, as it is an attractive destination for both winter and summer activities. The resort, with great views of the slopes at Crotched Mountain, is strategically located close to summer and winter recreational areas, adjacent to the 18-hole Crotched Mountain Golf Club (front nine designed by Donald Ross) and Toll Booth Tavern, and a 3-minute drive to the Vail Resorts owned Crotched Mountain ski resort. Crotched Mountain is a full-service ski resort offering ski and snowboarding lessons, night skiing, and on-mountain dining. In addition to the nearby recreational areas, the resort currently features on-site hiking trails, a tennis court, and a children’s playground.
The property currently features four buildings, hosting a total of 24 decommissioned timeshare units, completed on 9/1/12. Unit distribution comprises 12 one-bedroom units (750 SF each) and 12 two-bedroom units (1,000 SF each), totaling 21,000 SF and a maintenance building totaling ~9,000 SF. In-unit amenities include washers/ dryers, king and queen beds, outdoor barbecue grills, and fireplaces.
The site offers an excellent opportunity for redevelopment into a hotel, vacation community, or single-family home community, as it is an attractive destination for both winter and summer activities. The resort, with great views of the slopes at Crotched Mountain, is strategically located close to summer and winter recreational areas, adjacent to the 18-hole Crotched Mountain Golf Club (front nine designed by Donald Ross) and Toll Booth Tavern, and a 3-minute drive to the Vail Resorts owned Crotched Mountain ski resort. Crotched Mountain is a full-service ski resort offering ski and snowboarding lessons, night skiing, and on-mountain dining. In addition to the nearby recreational areas, the resort currently features on-site hiking trails, a tennis court, and a children’s playground.
The property currently features four buildings, hosting a total of 24 decommissioned timeshare units, completed on 9/1/12. Unit distribution comprises 12 one-bedroom units (750 SF each) and 12 two-bedroom units (1,000 SF each), totaling 21,000 SF and a maintenance building totaling ~9,000 SF. In-unit amenities include washers/ dryers, king and queen beds, outdoor barbecue grills, and fireplaces.
PROPERTY FACTS
| Price Per Unit | $70,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.25 AC |
| No. Units | 24 | Building Size | 30,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2012 |
| Apartment Style | Garden |
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 30,000 SF |
| No. Stories | 2 |
| Year Built | 2012 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 750 |
| 2+1 | 12 | - | 1,000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,765,200 | |
| Land Assessment | $410,800 | Total Assessment | $2,176,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$410,800
Improvements Assessment
$1,765,200
Total Assessment
$2,176,000
zoning
| Zoning Code | RA (Residential-Agricultural) |
| RA (Residential-Agricultural) |
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