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Flagship Motor Court Motel 198 Ashworth Ave

44 Room Hotel Hampton, NH 03842 $4,900,000 ($111,364/Room)

Executive Summary

Flagship Motorcourt Investors, Developers, and Operators—Take Notice! This well-maintained 44-unit motel in the heart of Hampton Beach is an exceptional opportunity. Close to shops, attractions, restaurants; and the most desirable stretch of sand—the Island Section. This property offers a great investment opportunity for various types of buyers. For operators seeking a motel, this property consists of four buildings with a total of 44 motel units Manager’s residence with an office and storeroom. Amenities include a spacious courtyard with picnic tables and grilling stations, along with a pool area. The Flagship Motorcourt boasts a strong rental history with many repeat guests. The rooms are well-sized and attractive, and with your personal touches, this could be transformed into a boutique motel. Hampton Beach is experiencing growth, making this property a perfect fit for its evolving future. Business Seasonal Zone of Hampton Beach, which permits building heights of up to 50 feet. The panoramic views at this elevation, as shown in the included drone photos, are spectacular. This zoning allows for numerous opportunities, especially with a parcel of this size. The property also features ample parking and dual frontage on Ashworth Avenue and Whitten Street. The Flagship Motorcourt is a truly unique property and a solid investment, offering significant potential for immediate returns or future development.

Property Facts

Price $4,900,000
Price Per Room $111,364
Sale Type Investment
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

Amenities

  • Pool

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 44 $94.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HMPT-000295-000000-000031
Land Assessment
$549,500
Improvements Assessment
$851,900
Total Assessment
$1,401,400

zoning

Zoning Code BS
BS
  • Listing ID: 34256575

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 198 Ashworth Ave, Hampton, NH 03842

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