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Mixed-Use Land for Sale in Hebron, New Hampshire

435 S Mayhew Tpke, Hebron, NH 03241

$2,595,000
19.5 acres
Active sale
$304k drop
Est $13,727/mo

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.

Sq feet
1957
Built

Location

Street address
435 S Mayhew Tpke
Zip code
03241
Elevation
645 feet
Coordinates
43.6757, -71.7573

Directions

Newfound Lake to Mayhew Turnpike , follow eastern shore towards Hebron , just over the town line on Right

Property details

Acreage
19.5 acres
Zoning
04 - Lake District
MLS #
NNEREN 5077456
Posted

Property taxes

2025
$5,624

Parcels

  • 05100-000005000002000000

Details and features

Listing

Type
Residential
Franchise
Keller Williams Realty

Lot

Features
Lake Access, Lake View, Lakes, Mountain View, Near Skiing, Near Snowmobile Trails

Structure

Water
Well
Heating
Ductless, Electric, Propane, Wall Furnace
Cooling
Zoned
Materials
Wood Siding
Roof
Shingle

Property utilities

CategoryTypeStatus
GasPropaneConnected

Listing history

DateEventPriceChangeSource
June 8, 2026Price drop$2,595,000$304,000 -10.5%NNEREN
May 15, 2026New listing$2,899,000NNEREN
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This 19.5-acre property is located at 435 S Mayhew Tpke in Hebron, NH 03241. The property is available for sale, priced at $2,595,000. It has a structure built in 1957.

Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro, (603) 610-8500

Checked 2 hours agoUpdated

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