oxford house inn · nationwide attention for it’s food scene. travelers looking to enjoy a meal...

Each Office Independently Owned and Operated kwclcg.com/

COASTAL LAND & COMMERCIAL GROUP (NH)603.610.8500750 Lafayette Rd.Portsmouth, NH 03801

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental orother conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

ETHAN ASHCommercial & Investment Specialist0: [email protected]

OFFERING SUMMARY

SALE PRICE: $899,000

CAP RATE: 22.63%

NOI: $203,464

LOT SIZE: 1.22 Acres

YEAR BUILT: 1913

BUILDING SIZE: 6,066

ZONING: Commercial

PRICE / SF: $148.20

TRAFFIC COUNT: 13,471

PROPERTY OVERVIEWThe Oxford House Inn is centrally located in Fryeburg, ME. Fryeburg is included in the Western Lakes & Mountains region ofMaine and is marketed with towns such as Bethel, Bridgton, Naples & Sebago. Antiquing, the arts, outdoor activities, andclassic Maine vacations are a few of the many attractions. We have a strong Portland, ME room & restaurant clientele due to thisproximity. Portland was named “Restaurant City of the Year” in 2018 by Bon Appetit Magazine and has been getting muchnationwide attention for it’s food scene. Travelers looking to enjoy a meal or two in Portland, then have a quiet getaway in themountains choose The Oxford House as their next destination.

PROPERTY HIGHLIGHTS• Fryeburg Fair attracts 300,000 visitors each October.

• U.S Route 302 is the 2nd largest entry point into the State of Maine. ( I-95 is the largest entry point)

• Average Daily Traffic is 13,457 vehicles.

• 4 Room Inn, With Dining Room, Pub, and Owner Quarters

• 100+ Parking Spaces on Main St. within one tenth of a mile.

• Part of the Mt. Washington Valley of New Hampshire

548 Main St., Fryeburg, ME 04037

OXFORD HOUSE INN

RESTAURANT & INN FOR SALE

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OXFORD HOUSE INN







Building Name Oxford House Inn

Property Type Restaurant & Inn

Property Subtype Restaurant

Building Size 6,066 SF

Lot Size 1.22 Acres

Year Built 1913

Number Of Floors 3

Parking Spaces 5

Free Standing Yes

Number Of Buildings 1

OpenTable Diner's Choice- Best Overall Restaurants- Currently rated in the Top 10

OpenTable "Best Restaurants for Foodies in America"- Sept, 2016

Featured in DownEast 2017

Featured in Yankee Magazine- September/October 2016

Yankee Magazine- Named "Best In-Town Country Inn" in New England- 2011

Included in LUXURY MAGAZINE- Winter 2015

Maine Sunday Telegram (Portland Press Herald)- September 2015 - 3.5 Star Review

Featured in "Zest" Magazine- "Fall into Maine" edition- Fall 2014


OXFORD HOUSE INN








OXFORD HOUSE INN








DEMOGRAPHICS- 15 MINUTE DRIVE TIME







INVESTMENT OVERVIEW

Price $899,000

Price per SF $148.20

CAP Rate 22.6%

Cash-on-Cash Return (yr 1) 59.05 %

Total Return (yr 1) $160,822

Debt Coverage Ratio 3.81

OPERATING DATA

Gross Scheduled Income $938,703

Other Income $0

Total Scheduled Income $938,703

Vacancy Cost (57-63% Occupancy for Inn) $0

Gross Income $938,703

Operating Expenses $735,239

Net Operating Income $203,464

Pre-Tax Cash Flow $140,680

FINANCING DATA

Down Payment $224,750

Loan Amount $674,250

Debt Service $53,397

Debt Service Monthly $4,450

Principal Reduction (yr 1) $20,142


OXFORD HOUSE INN








OXFORD HOUSE INN







LOCATION DECRIPTION

Fryeburg is the only town in Maine also included in the Mt. Washington Valley of NewHampshire, with adjoining towns of Conway, North Conway, Glen, Bartlett & Jackson, NH.Being members of The Mt. Washington Valley Chamber of Commerce boosts marketingand repeat guests from the Boston area, a target location of the MWV Chamber. TheValley is an outdoor enthusiasts dream destination, with 7 ski resorts located within a 45minute drive of the inn and hundreds of miles of hiking, kayaking, mountain & road bikingtrails. We are on the interstate snowmobile trails and guests have the option to rent nextdoor, or bring their own.

LOCATION DETAILS

County Oxford

Population 3,449

Population Change (Since 2010) +3.2%

Unemployment (Oxford County) 2.9%

HISTORIC INN & RESTAURANT

The Oxford House Inn is the third building on this site. The original structure was built inthe late 1700’s & served as a tavern & inn for guests including Daniel Webster andEastman Johnson. This burned down in 1887. A 100 room grand hotel, “The Oxford”, wasbuilt in 1894 for $20,000. It burned to the ground in 1906. The current building wasdesigned by renowned architect John Calvin Stevens and built in 1913 on part of theoriginal hotel’s foundation. The house was a private residence for Charles & Blanche Fox,lumber barons from Portland, ME. They resided until the late 1970’s, after which it wasbriefly the home of Dr. Bell’s family and medical practice. In 1985, John and Phyllis Morrisrenovated the building and opened The Oxford House Inn. They ran the inn until 2007,when is was purchased by current owners Natalie & Jonathan Spak from Salisbury, CT.We have many original photos, menus, brochures and artifacts from The Oxford and moreinformation is available at the Fryeburg Historical Society.


OXFORD HOUSE INN







OWNER QUARTERS & BASEMENT• Stacked Kenmore Washer & Dryer

• House Keeping Contents & Equipment

• SG Moel with Riello 40 Burner Biasi Boiler

• 80 Gallon Hot Water Phase III Mixing Tank

• Whirlpool Dryer & Maytag Washer

• 2 Large & 1 Small Kenmore Refridgerators

FRONT DINING ROOM• 17 Stained Mission Style Oak Chairs

• 8 Assorted Sized Tables

• Antique Gold Framed Mirror

• Gas Insert Model #VFM-24 Fireplace

• Historical contents from Oxford Hotel

• Onkyo Stereo with 4 Pairs Bose Speakers & 4 ChannelDiverter (Model # TX8255)

PUB• 18 Stained Mission Style Oak Chairs

• 10 Assorted Sized Tables

• 5 Mission Style Oak Bar Stools

• 2 Crate & Barrel Armless Chairs (1 Cushion & 3 Cushion)

• Large Leather Ottoman

• Model Allagash DV Jotul Stove

• Sony Flat Screen TV

• TX8255 Stereo Receiver


INVENTORY LIST







KITCHEN

• Garland Kitchen Range- 2 Oven, 6 Burner & Griddle(Model #G283)

• Chef's Choice Knife Sharpener (Model #130)

• Rankin 30,000 BTU Grill (Model #9953)

• Custom Hood (Range Guard Dry Fire Protection)

• Quasar Microwave

• Star Fryalator (Model #515F)

• 2 Turbo Air Sandwich Fridge (3 Door & 2 Door)

• Hobart LXiH Dishwasher- 90 Sec Cycle

• Ninja Blender (Model #130)

• Cuisinart FP14DC Food Processor- 14 Cup

KITCHEN (CONT.)• Chef's Choice Knife Sharpener (Model #130)

• Chef Master Salad Spinner (Model # 90005)

• Waring Immersion Blender (WSB40)

• Kitchenaid Stand Mixer- 2 Bowls (Model #KSN50PWH)

• Bunn Coffee Maker & Grinder (Model #CWTF200 & #G9)

• Comobar Espresso/Cappuccino (Model #2000)

• Hamilton Beach Toaster (Model #24701)

• Waring Toaster Oven (Model #TC0600)

• Pagernet Server Pager System (Model #T9560-EZ)

KITCHEN (CONT.)• Small Frigidair Refrigerator

• Medium Kenmore Refrigerator

• Small Kenmore Refrigerator

• Small Line Kenmore Freezer

• Whirlpool Freezer

• Manitowic Ice Maker (Model #B450 & #400)

• 2 Door Reach In Stainless Jordan Refrigerator (Model#SAKT-48)

• 3 Chest Freezers (Kenmore & Maytag)

• 10x10 Walkin Cooler


INVENTORY LIST



oxford house inn · nationwide attention for it’s food scene. travelers looking to enjoy a meal...

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