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Listed by Adam Dow • KW Coastal and Lakes & Mountains Realty/Wolfeboro • Phone: 866-525-3946
$ 2,899,000
Est. payment /mo
Active
435 South Mayhew TPKE Hebron, NH 03241
19.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5077456
Year Built 1957
Annual Tax Amount $5,623
Tax Year 2025
Lot Size 19.500 Acres
Acres 19.5
Property Description
Introducing The Kelby Motel - a fully reimagined 10-unit boutique motel, with deeded lake access sits on 19.5 acres overlooking the crystal-clear waters of Newfound Lake in the heart of New Hampshire's Lakes Region. Framed by sweeping mountain views at the foothills of the White Mountains, The Kelby offers a rare combination of pristine natural surroundings, elevated design, and scalable investment potential. Current ownership executed a comprehensive transformation, rebuilding and expanding the property with a focus on durability, operational efficiency, and elevated guest experience. The 10 redesigned guest rooms, curated lounge, and full coffee shop showcase a refined Nordic-inspired aesthetic, truly a design-forward hospitality concept that resonates with today's lifestyle traveler. In just two seasons, The Kelby has established itself as a sought-after boutique destination with proven demand and consistent year-over-year growth. The property is fully turnkey, providing immediate operational continuity for investors and entrepreneurs while preserving significant upside. With 19.5 acres, the opportunity extends well beyond the existing improvements. Year-round demand is driven by premier summer recreation on Newfound Lake, renowned fall foliage, and convenient access to hiking, boating, and winter sports. More than a motel, The Kelby is a thoughtfully built hospitality platform positioned within one of New England's most supply-constrained lake markets ...... a rare and compelling commercial opportunity with both lifestyle appeal and long-term real estate fundamentals.
Location
State NH
County Nh-grafton
Area Nh-Grafton
Zoning 04 - Lake District
Body of Water Lake
Rooms
Basement Entrance Interior
Basement Crawl Space
Interior
Cooling Mini Split
Inclusions Additional Buildings, Equipment, Furnishings, Inventory, Land/Building/Business
Exterior
Utilities Available Propane
Waterfront Description Yes
View Y/N Yes
Water Access Desc Yes
View Yes
Roof Type Asphalt Shingle
Building
Sewer Septic
