741 & 747 Ocean
Rye, NH 03870
- – beds
- – baths
- 6,684 sqft
- ~2 acre lot
- $695 per sqft
- 1960 build
- – on site
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably to accommodate nightly, short-term, and long-term stays. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm—an investment w/ lifestyle upside, & value-add potential.
Last checked:
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Last updated Apr 11, 2025
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MLS# 5034824 —
The Building
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Year Built:1960
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Hotel
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Roof:Shingle - Asphalt
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Foundation:Poured Concrete, Slab - Concrete
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Total Stories:1
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Total Units:12
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Approx SqFt Total:6908
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Approx SqFt Total Finished:6,684 Sqft
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Approx SqFt Finished Above Grade:6,684 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade Source:Other
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Approx SqFt Unfinished Below Grade:224
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Approx SqFt Finished Building Source:Other
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Approx SqFt Unfinished Building Source:Other
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Approx SqFt Finished Above Grade Source:Other
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Road Frontage Type:Public Maintained Road
Interior
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Basement:Yes
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Basement Description:Bulkhead
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Basement Access Type:Interior
Location
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Directions:Route 1A
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Map:231
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Latitude:43.036881671620414
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Longitude:-70.717672507934594
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot:028
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Lot Features:Landscaped, Water View
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Lot SqFt:66,211 Sqft
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Lot Acres:1 Sqft
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Zoning:Business
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Driveway:Paved
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Road Frontage:Yes
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Road Frontage Length:200 Sqft
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Flood Zone:Yes
Listing Agent
- Contact info:
- Office phone:
- (617) 206-3333
Taxes
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Tax Year:2024
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Taxes TBD:Yes
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Tax - Gross Amount:$17,123
Baths
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Total Full Baths:12
The Listing
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Price Per SqFt:695.69
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil, Electric, Hot Water, Wall Units
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Cooling:Wall AC Units
Utilities
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Utilities:Cable - At Site
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Sewer:Private
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Electric:Circuit Breaker(s)
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Water Source:Public
The Community
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Covenants:Unknown
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Easements:Unknown
Parking
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Parking:Parking Spaces 21+
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
|
Listed / Active | PRIME_MLS | $4,650,000 | |
|
1/8/25
Jan 8, 2025
|
Listed / Active | PRIME_MLS | ||
|
10/30/24
Oct 30, 2024
|
Price Changed | PRIME_MLS |
