List Price: $2,899,000 | $593 per sq.ft. Commercial
Space type on Newfound
Listed Wednesday Feb 25, 2026 | MLS# 5077456
435 South Mayhew Turnpike Hebron NH
Listed by Adam Dow KW Coastal and Lakes & Mountains Realty/Wolfeboro
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.
Sale Includes : Additional Buildings | Equipment | Inventory | Land/Building/Business | Furnishings

Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1957
Wood Siding
Price Per SQ.FT. 592.60 No. of Units: 10
Building Size : 4892

ExteriorRoof: Asphalt Shingle

InteriorBasement: Crawl Space

Land Information

Lot size: 19.5 acres
Zoned: 04 - Lake District
Road Frontage: 175
Road Frontage: 175
No. of Docks | 0.

UtilitiesHeating: Electric | Wall Furnace | Propane | Mini Split
Cooling: Mini Split
Electric: 200+ Amp Service
Utilities: Propane
AC % | 100.



Taxes $5,624
Assesed Value Not Reported
Schools

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