Lake shore farm Inn
Northwood, NH
Offered for sale at $2,900,000
Welcome to Lake Shore Farm Inn, an extraordinary real estate opportunity nestled in the charming town of Northwood. This idyllic waterfront property, with 1250 feet of shoreline, presents a rare chance to own a magnificent retreat that seamlessly combines natural beauty, tranquility, and exceptional investment potential. The Inn exudes charm with a mix of timeless character and modern upgrades. The Original Inn, built in 1891, has 12 guest rooms, 4 doubles, multiple dining rooms, a commercial kitchen and inn-keepers’ quarters. The Dembling bldg, with 8 guest rooms and Tavern was added in the 1960’s along with the Annex with 8 rooms overlooking the lake. In 1972, after the tavern fireplace was added, the two buildings were joined to the Inn. With its expansive lawn and waterfront location the property was meant to entertain. The current owner has painstakingly renovated over the last 4 years. In 2022 the event center was turned into a 3750 SF Ranch with a private deck overlooking the lake. Potential: Owners’ quarters, Health and Wellness Retreat or Airbnb. Being sold in conjunction with MLS#4963270 Ongoing renovations include window/door replacement, guest room refurbishment, flooring and painting. During covid the owner offered extended stay. In June 2023 she committed to renovating the rooms and has moved back to gradually accepting nightly reservations with some extended stay. This truly could be a waterfront destination that guests will return to year after year.
Presently the owner does not have employees and is only openning 50% of the Inn. Reopening the restaurant , tavern and doing weddings again will greatly increase the income.
Appraisal done in 2022 with real estate value at $2780000.00.
Property Details- 28 Guest Rooms
- 28 Guest Room Baths
- Has Owner's Quarters
- Last Renovated in 2023
- Opened in 1926
- Building is 26,000 SQFT
- Lot is 5 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $2,900,000
- Average Daily Rate: $200
- Annual revenue is $780,000
- Terms: noi for 2022 $300000
NOI for 2023 316000 as of July 15th
No owner financing
- Prequalify for Financing
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