435 South Mayhew TPKE, Hebron, NH 03241
435 South Mayhew TPKE, Hebron, NH 03241
435 South Mayhew TPKE, Hebron, NH 03241
435 South Mayhew TPKE, Hebron, NH 03241
435 South Mayhew TPKE, Hebron, NH 03241
435 South Mayhew TPKE, Hebron, NH 03241
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Adam Dow • KW Coastal and Lakes & Mountains Realty/Wolfeboro • Phone: 866-525-3946
$ 2,899,000
Est. payment | /mo

19.5 Acres Lot

Save
$ 2,899,000
Est. payment | /mo
Save

19.5 Acres Lot

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

PrimeMLS
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH, 03801-4161, USA

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435 South Mayhew TPKE