Palmer's Motel For Sale
Wakefield, NH
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MOTIVATED SELLER! 9+/- acres of land with 16 unit motel (Palmer's Motel) on approximately 3+/- acre corner portion. Balance of land (6+/- acres) generally flat, wooded, and undeveloped. Two points of egress off Rt. 16 both with existing left turn lanes. Ideal property for existing cash flow and continued development of site. Slight up slope of land from Highway can provide on site soils and aggregate materials. Zoned Commercial Business the site can support multiple retail uses including auto related. Traffic on Route 16 is 7,000+/- VPD . Popular winter and summer tourist route. There are many development opportunities for this property.
Options:
Option #1: 9.05+/ acres of land with 16 unit motel (Palmer's Motel) on approximately 3+/- acre corner portion of parcel. Balance of land (6+/- acres) generally flat, wooded, and undeveloped. The entire parcel is offered at a REDUCED PRICE of $550,000.
Option #2:The hotel and immediate 4+/- acres is offered at $350,000.
Option #3: The excess of 5+/- acres is offered at $250,000. Zoned Commercial Business the site can support multiple retail uses including auto related. Traffic on Route 16 is 7,000+/- VPD . This is a very popular winter and summer tourist route.
Property Details- 16 Guest Rooms
- 16 Guest Room Baths
- Has Owner's Quarters
- Built in 1958
- Building is 7,373 SQFT
- Lot is 9.05 Acres
- Photo Gallery
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