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186-970 Tory Pines Rd
Francestown, NH 03043

Multifamily Property For Sale · 24 Units

Investment Highlights

  • 1.4 Miles from Crotched Mountain Ski & Ride - Owned by Vail Resorts since 2019
  • 152.5 Acre Site Offers Excellent Re-Development Opportunity for Potential Buyers
  • 0.2 Miles from Crotched Mountain Golf Club

Executive Summary

Crotched Mountain Resort, only a 40-minute drive from Manchester, NH, and 90-minutes from Boston, MA, is nestled off Tory Pines Road in Francestown, NH. With 152.5 acres of land, including two wetlands covering 28.5 acres, there is an opportunity to reimagine this cozy retreat.
The site offers an excellent opportunity for redevelopment into a hotel, vacation community, or single-family home community, as it is an attractive destination for both winter and summer activities. The resort, with great views of the slopes at Crotched Mountain, is strategically located close to summer and winter recreational areas, adjacent to the 18-hole Crotched Mountain Golf Club (front nine designed by Donald Ross) and Toll Booth Tavern, and a 3-minute drive to the Vail Resorts owned Crotched Mountain ski resort. Crotched Mountain is a full-service ski resort offering ski and snowboarding lessons, night skiing, and on-mountain dining. In addition to the nearby recreational areas, the resort currently features on-site hiking trails, a tennis court, and a children’s playground.
The property currently features four buildings, hosting a total of 24 decommissioned timeshare units, completed on 9/1/12. Unit distribution comprises 12 one-bedroom units (750 SF each) and 12 two-bedroom units (1,000 SF each), totaling 21,000 SF and a maintenance building totaling ~9,000 SF. In-unit amenities include washers/ dryers, king and queen beds, outdoor barbecue grills, and fireplaces.

PROPERTY FACTS

Price Per Unit $100,813 CAD
Sale Type Investment
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.25 AC
Building Size 30,000 SF
No. Stories 2
Year Built 2012

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - 750
2+1 12 - 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • NBOS-000008-000044
  • FRNT-000008-000000-000044
Land Assessment
$576,081 CAD
Improvements Assessment
$2,475,411 CAD
Total Assessment
$3,051,492 CAD

zoning

Zoning Code RA (Residential-Agricultural)
RA (Residential-Agricultural)
  • Listing ID: 30482923

  • Date on Market: 2023-12-29

  • Last Updated:

  • Address: 186-970 Tory Pines Rd, Francestown, NH 03043

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