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Commercial Land for Sale in Hebron, New Hampshire

435 S Mayhew Tpke, Hebron, NH 03241

$2,899,000
19.5 acres
Active sale
Est $14,373/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
Elevation
645 feet

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

Details and features

Listing

Type
Commercial Sale
Unit Count
10
Franchise
Keller Williams Realty

Structure

Basement
Yes
Heating
Electric, Propane, Wall Furnace
Cooling
Zoned
Roof
Asphalt, Shingle

Property utilities

CategoryTypeStatus
GasPropaneConnected

Listing history

DateEventPriceChangeSource
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 for $2,899,000. It has a structure built in 1957.

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

Checked 1 hour agoUpdated Source

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