435 South Mayhew Turnpike
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$2,595,000

435 South Mayhew Turnpike
Hebron, NH 03241
Listed by Adam Dow · KW Coastal and Lakes & Mountains Realty/Wolfeboro
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1957

About this home

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.

Property details

MLS #
5077456
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
168
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
19.5 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Bridgewater-Hebron Village School
2.35 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
143
Student:teacher ratio
15.9:1
District
Newfound Area School District
Middle
Newfound Memorial Middle School
5.74 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
260
Student:teacher ratio
9.6:1
District
Newfound Area School District
High
Newfound Regional High School
6.26 mi away · Grades 9-13
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
411
Student:teacher ratio
13.3:1
District
Newfound Area School District

Mortgage calculator

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Est. monthly payment
$15,777/mo
$519,000 down
$2,076,000 loan
Principal & interest$13,465
Property tax (est.)$2,163
Home insurance (est.)$150

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