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12-08-2013, 07:54 AM | #1 |
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Lower Unit of Belknap Point Motel for sale
The fine folks that own Belknap Point Hotel are selling the lower portion (lakeside). 8 units, include Three docks.
http://www.classichomesnh.com/nh-mls...ercial/4328086
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12-08-2013, 09:50 AM | #2 |
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Interesting. It's actually very tempting for the price.
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12-08-2013, 10:28 AM | #3 |
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I agree that the price seems more than reasonable. Again, though, it's such a Winni icon (like the Woodshed and the Weirs water slide) that I would hate to see it torn down.
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12-08-2013, 01:17 PM | #4 |
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Definitely a fair price for that location!! That will sell quick!
Dan
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12-08-2013, 02:06 PM | #5 |
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When it sells will the buyer convert it to condo's? Seems likely to me unless the seller or the town have some restriction preventing that already in place.
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12-08-2013, 08:56 PM | #6 |
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I had this sent to me by the owners. This link has more info and a ton of photos.
http://www.baysidenh.net/propertydetail.asp?id=4328086
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12-10-2013, 07:28 AM | #7 |
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Almost seems to good to be true. Ad says "run the motel for 6 months with ABOUT $100,000 income." That's cheap money on the water for that potential income. Something just doesn't seem right just an average so-so home on the water costs almost that.
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12-10-2013, 08:05 AM | #8 |
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$100k
Before taxes and expenses probably. You have to examine the books.
I can see turning one unit into owner occupied and renting the others. The problem is parking and a common area for recreation. Otherwise turning them into condos.
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01-17-2014, 11:15 PM | #9 |
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New Listing
The owners have asked if I'd post this for them.
Looks to be the entire Hotel and the lakefront units. http://www.nneren.com/listing_detail...32271&return=1
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03-22-2015, 06:56 PM | #10 |
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Update
As I stated in the orginal message, I am friends with the current owners of the Belknap Motel and Inn.
Recently, Harry Blinn, (owner) asked if I'd bump this thread up up. They have new information and a reduced asking price. Thanks, From the owners: "We originally posted the waterfront unit only which drew a lot of interest before it was decided to sell the whole Belknap Point package about a year ago. During that time there have been 3 contracts on the property and in each case failed due to buyer financing problems. In each case it comes off the market so as a result it has not been openely available that long. There are 3 local banks ready and willing to loan 80% financing toward the purchase. The price has been reduced to 1.25 million." http://www.bpmotel.com/ For the record, I have NO business interest in this transaction in any way, just posting this for a friend. Please direct any questions to the folks at Belknap Point.
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"Before you criticize someone, walk a mile in his shoes. That way, if he gets angry he'll be a mile away and barefoot!" unknown Last edited by SteveA; 03-22-2015 at 07:04 PM. Reason: more information |
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03-22-2015, 08:44 PM | #11 |
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Part of the package is very a nice residence that we have really enjoyed for 20 years.
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03-22-2015, 11:12 PM | #12 |
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Is there an MLS liting? How much water frontage?
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03-23-2015, 07:38 AM | #13 |
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The MLS will be going back up shortly- was down during contract.
Water frontage is 200' The MLS is 4332271 Last edited by hblinn; 03-23-2015 at 10:06 AM. |
03-23-2015, 07:40 AM | #14 |
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It can be viewed at www.baysidenh.net
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03-24-2015, 06:34 PM | #15 | |
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Quote:
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03-29-2015, 04:30 PM | #16 |
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Three local banks are very familiar with the propeerty and willing to lend to a buyer with $200 to $300K down payment.
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03-30-2015, 01:15 PM | #17 |
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Bang for the buck
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02-24-2016, 10:06 AM | #18 |
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.....hurray for Belknap Point Motel
.....hurray for Belknap Point Motel .... article in yesterday's Laconia Daily Sun, Feb 23, 2016 ...... all about the motel, new owners and a little on what they intend to do with it ...... that's a beautiful location with some deep water right there ..... and a big morning sunrise from across the water ..... Belknap Point Motel ..... time to rise and shine!
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02-24-2016, 12:06 PM | #19 | |
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